We are looking for the elusive flip house in my area, the classic 3/2 block house with high enough comps surrounding to support the 25-30% target profit. 

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@Michael Glaser I was thinking that you could finance them separately, not as a block. 30 year amortization on singles is common.

If you're within a block or two of South Congress and within 3/4 miles of city center - you can easily triple the amount you would get from a long term renter.

There aren't many 2 car garages in the area that are this usable (some are mostly unusable).Initial Repairs: $7-10k (mainly new paint, carpet, lower cabinets in the kitchen, glass block in basement and upstairs bathroom, updating bathroom)Expected Rent: $700/mo (probably doing Section 8)Expenses = $310/mo (based on items below).10% Property Management: $70/mo10% repairs/maintenance: $70/moRE Taxes: $35/moInsurance: $57/mo10% Cap X: $70/moI've used different real estate calculators but since they ask for the information differently I seem to be getting different numbers for my cash on cash returns and cash flow.

I am thinking about coating it from the inside, thereby blocking mold.

The house was and still can be the nicest house on the block if fixed.

Therefore, I typically set up a block of time on Saturday and/or Sunday. 

Plus utilities.It is THE most trendy area--small bistro restaurants, craft beer bars, used clothing 'boutiques', and 1 block walk to the subway.The other lives in 'up and coming' Bed/Sty. 

Hello All, We have a 2 flat on the 3500 block of West Palmer in Chicago and need to hire a local guy to cut lawn, trimming, and spring and fall cleanup.