Hi Ian,I might do that deal if I also felt that the rental amount was projected to go up (like in a high growth market) or if appreciation looked to be promising and I wanted to exit the investment in a short period of time but in general, by doing the deal with only a 6% profit, the margins are slim to make it worth it in the short term at least.~ Lindsey

There is so much building going on that if I bought a small duplex, I would never be able to compete (unless, again, on price).You need to make the numbers work now, even if it is super slim.

As far as repairs and maintenance if your looking for small rehab deals that price range your looking at will be very slim and if you find something in that price would most likely be in your C or D areas, with that being said back to first question are you willing to manage them or not?

The equity and small amount of profit (new builds have a very slim profit margin) in the Chicago ground-up new construction was really from getting the land at a good price. 

There's always a slim chance a buyer will appear and pay what you're asking, but it's unlikely. 

I did overpay for the property, but not to where I am screwed if I where to move out right and get it full rented I will cash flow about 50 dollars per door so it is very slim margins 

So, your chances of finding investors are slim, especially through a syndication.

Unfortunately, I think you'll have a slim margin. 

And agreed it's slim pickings right now in the tri county.  

Seems like it's probably a fairly saturated market with slim margins, but considering it's a hobby already, might as well combine them?