I own a 2 flat (3 units)with basement unit on the west side of Chicago. 

Very roughly, if the homes would sell for $1MM each and assuming the land is flat and without significant site development costs, I would say the lots might be worth 200-300k each with the final map recorded.

A current tenant has damaged the rental property beyond the normal wear & tear. (3 by 6-foot hole in dry wall; Garage access door complete broken off with damage door frame, the main entrance door way frame is br...

Pricing - most bookkeepers I know are transitioning to flat rate pricing that includes software costs, based on the complication/volume of your business(es).

If they are willing to pay for damages (the excessive Ws&Ts), I would renew the lease. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

I owe the IRS money and didn't want them to know I had any excess cash.21. 

My only concern is single-family rents could be flat for a few years due to the big run-up we've had in the past few years.In general, I like your proposed strategy.

You are correct that $100/hr is excessive, but there may be a justification for it and the amount of time it took.

I purchased a foreclosure that sat on a suburban lot that was flat, needed repairs, cleaning and most of all the lot was large enough for as many as three homes.