. $100k doesn't go far out here but there are still deals to be had. 2 family, full rehabs in the lower to mid $100k range come my way occasionally. 

We are not seeing closings costs at the $8K range on a $150K home. 

Seems to be a really smart place to park cash at 6% Cap rate, with depreciation tax benefits and projected equity increases in the 23-30% range in the next 3 years.

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

It can help maintain or increase property value, appeal to a wider range of guests, and contribute to overall guest satisfaction and loyalty.Overall, hiring a professional designer for your short-term rental can elevate the guest experience, improve occupancy rates and profitability, and position your property as a desirable option in the competitive vacation rental market.

If you make sufficiently large orders they will give you discounted pricing like a contractor saving you 10-20%. 4.

For insurance, expect to pay about 0.5% to 1.5% of the property value annually, while property taxes can range from 0.5% to 2%.

I can only speak from experience on the Baltimore market where you can definitely find quality rental property in this range.

So some basic numbers on these homes:Total estimated value of all homes including their primary home: 5.8MTotal remaining loans on homes: ~900kInterest rates on these homes range from low 3’s to mid 4’sSo two questions: 1) Do I need to cash out refi each individual home if I want down payment money or can lenders lend based on the entire portfolio?

The FHA self sufficiency test is the so difficult for the north side of the city and parts of the west and south sides.