In the meantime, enjoy the free energy they provide?

Are there any members in Madison County, Illinois who can provide any guidance on the eviction process, with any tips or lessons learned. 

Basically this complex is six unit three-story and all one bedroom with 700 sq. ft. each. and street parking (no parking garage) Please let me know what additional info I need to provide to better helm me on this project.thank you 

Multifamily is top of mind since it provides a mix of efficiency and long-term growth.

I have not received any feedback regarding that, but I like to imagine it does provide a new level of coziness upon their stay. 

The “I helped the seller by a sub to purchase” and the “you screwed the seller by a sub to purchase” are both correct AND incorrect.Because it depends on whether the seller was provided with a full disclosure of the ramifications and possible consequences of entering into a sub to transaction; whether the seller is mentally competent to understand the ramifications and consequences, and whether the transaction is accomplished without lying to the lender.

This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.

I have never provided a water dispenser/ice maker in any of my other units, but rather a Brita and ice trays with no complaints.

The provider I am using allows for 60 days of continued coverage once construction. 

I would like to start off by saying thank you all for providing such a wealth of knowledge on this site and via the podcast.