The rule I use is to double the money after five years in case you need to sell.Meaning, with your initial investment of 132k (down payment plus initial closing costs), and considering an additional 5% closing fee of the home’s value when you sell (roughly another 30k for agent and lawyer fees), your total upfront cost plus closing on sale would be around 162k.

We cashflow after 15 nights, but before Airbnb (greedy corporation) jacked up its guest fees, we used to cashflow after 7 nights.  

They are actually doing 6 to 10 deals a month.On the other side of their business, their students pay a substantial mentoring fee of $11,00 to $20,000, but subsequently only turn into "birddogs" who maybe find a property after many months.

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Not surprised.I had a listing on Landing, which I recently told them to remove after they informed me there was now a $2500 (approximate) fee for cancellation of any booking reservations. 

But the seller would save costs from lack of realtor fees.

NOD is public record.. one can subscribe to Property Radar and get all this info for a very low monthly fee plus a ton of other add on' like CRM and auto mailers etc..

Is there any flat fee lawyer in Chicago that can help me file this?

Existing security deposits are unaffected here, but we are no longer allowed to collect more than one month's rent in deposits and fees.