@Jon N. maybe try to post this in the Illinois forum? 

We email a letter instead, and include the following lines, as appropriate.Assuming a March 31, 2018 payoff date, here is the payoff demand for 210 N.

Hi @Kyle N.

. $160/week so the 2 bedroom is paying the same amount as the 3 bedrooms,the owner has included the garages and storage for free with all the tenants rents. looking in the area we are finding no 3 bedrooms available and 1 and 2 bedrooms renting for $750-1200/month with no washer N dryer hook ups and no storage.

Hey @Alicia N Ragonese welcome to the community!

Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

There are plenty that advertise a fix-n-flip line of credit, but these are not true LOCs, but more like

While doing research on the Tucson market, I realized that a specific neighborhood was going to start appreciating rapidly; Barrio Hollywood.

n.

Originally posted by @Roy N.