The old rule of thumb was that a prospective borrower could get a mortgage of about three times (2.8-3.6) times gross household income at interest rates in the 6-8% range.

The price is right but I'm nervous because the bedrooms are tiny and there is no driveway.

The investor purchased the asset with the intention of renovating the units and adding value by increasing rents.South Shore remains to be one of the most undervalued neighborhoods in the City of Chicago relative to employment, average house hold income, occupancy levels and rents.

But the plumber can usually tell what caused the clog...if it wasn't tree roots causing a backup, it was most likely something like paper, hair, etc.I just simply say, "I'm sorry, but someone in the household has been flushing a lot of paper or something.

If this fails open all the time, you will get no heat.If you have electronic controls, there is probably a much smaller temperature sensor (like a tiny bead of epoxy on the end of two tiny wires), and the control board turns the heat on and off, probably using a relay. 

That is a lot of the reason I stick to mobile homes and now looking outside my local area which consist of just a handful of tiny towns. 

They have tiny cabins available for sale, or rent to own (basically financing) and they have repo cabins at great prices.

I'm super new to this game and I am in a small (tiny?)

I out very little down on these properties and the rentals cash flow a tiny bit, but I bought them mostly for long term appreciation.At this point, my focus is to build cash flow.

With higher end properties in say a mid west market were Curt is remember you can buy BRAND new construction for 140 to 160k a door this is what buyers will compare to your 20 YO house thats been a rental.. to get retail value you would need a major renovation.I have been doing some renovation deals in the mid west last 3 years and you have to totally dial them in to get anywhere close to an appraised ARV or what you think is retail.. and I mean totally ... buyers in these markets have an over abundance of choices.. you may find that TINY pocket that is hot but other than that I think my statement is pretty accurate based on my personal experience in the mid west marekt place since 2002.