Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Before we get started we would like to come up solid written business plan that is organized in a clear and concise manner.

Local lenders will understand your market, the neighborhoods, and the prevailing loan rates.

Tenant performance decreases as the property Class decreases.Have seen too many out-of-state investors misread the City of Detroit neighborhood markets and liquidate their holdings when their expectations weren't met. 

and see what skills you might have to add some value as a side hustle.Things started to happen organically as I got more involved in the Chicago real estate market, and I am confident they will for you, too!

Those are the neighborhoods I buy in.

Chicago Attendees, As we prepare for Cancun next week, I was thinking that it would be fun to organize a little Moon Palace get-together for Chicago-area attendees once we are all down there. 

Purchase price: $312,000 Cash invested: $52,000 High-demand neighborhood in Lake Nokomis in Minneapolis.

Market Analytics: Use data analytics tools to study market trends, price forecasts, and neighborhood demographics.

Are there any meet ups, or group of investors who currently have meetings or any organized events?