@Ricardo R.you made the assumption I haven’t done my homework and don’t understand how turnkey works.

We possibly made the mistake of posting pre-renovation photos for the first couple weeks. 

But man you sellers sure had a good time about 4 years ago lol.

.), and you've made your House Rules clear, then don't sweat the small stuff.By that, I mean- you'll have guests who have 5-star ratings but can still leave a mess or damage (other owners didn't report accurately or it was complicated) but you have recourse via photo evidence (your cleaners, etc.) to ask for reimbursement (or use something like AirCover, etc.).

Purchase Price of $215k + $240k Reno costs Totaling around $450k all in.The property appraised for $875k What made you interested in investing in this type of deal?

The city of Chicago has made a huge push to get rid of any lead service lines, so it's no surprise you have to mess with that.   

This is what I learned: I could not deduct interest on personal loans so I ended up paying as much in taxes as I made.

It's a tool he made to evaluate deals on the BP Money Podcast and is available free to anyone!

I would say the portfolio I am guiding and managing with clients is over 20 million with most of the acquisitions made in the last 3-6 months.

In an oversimplified view, revenue of $1,000 and expenses of $1,000 offset to $0 and you made no profit...yet.