He asked the right questions and I could tell he was serious, so I decided to team up with him, and we purchased this run down three flat, and gut renovated the bottom unit, while increasing the rent on the top two units.

Flat bonus?

Its all about screening and having a good team in place. 

If you go the LTR rental route, I would recommend having a professional company do a tenant screening process.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Hi all,Does anybody have any recommendations for architects who are self-certified and specialize in Chicago residential properties including 2 flats (what we have)?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Do part-timers pay a flat monthly fee or something?

.), or the potential for sqft to be efficiently added during the rehab (screened porch, carport, concrete patio area, etc.).

Right now its generally as little as 12.5 bps (1/8 of a percent) at most lenders so not really worth it.Regarding the terms you posted - I ran these through our sizing and they look in the ballpark of market, not much better or worse - with some assumptions, our pricing looks to be 8% flat with zero origination fee/broker fee and $1,000 underwriting for this scenario.