Before I try to help you with your questions, know that I am not a lawyer, real estate agent, property manager, neurosurgeon, blah blah blah, nor do I play any of those on TV!

I have a situation developing that I need advice on.Single family home, lease is expiring, tenant is scheduled to move out end of this month.I didn't even advertise online, just put a for rent sign in the yard last week and already have 5 people called me expressing interest to rent.I called tenant and spoke to him to schedule a move out inspection, where he would also surrender his keys, I will need his new physical address, and I reminded him about turning off water, electric, cable TV etc...He said no problem, BUT...the fireworks and his boat will need another week or two.He has parked a sailboat on the property.

Also not to mention besides only watching sports on tv, my tv would stay stuck on HGTV.

This is one of those deal that i don't even have to pull out my calculator to see how much is the return before i buy.Unlike what you see on the TV show where they they chew each other head off at the court house to buy property, or have a team of 20 people show up to gut down the crappy house and put in fancy stuff.

Cable TV.  

It had the assessment at $647 a month which includes Gas, Includes Common Insurance, Includes Doorman, Includes TV/Cable, Includes Exterior Maintenance, Includes Lawn Care, Includes Scavenger, Includes Snow Removalhttp://www.redfin.com/IL/Chicago/3950-N-Lake-Shore...So, if you get it at auction at that price your expenses would bePayment $491Assm $647Tax $142$1280 monthly paymentI know the area well, I used to live at 3420 N LSD - for an 11x10 bedroom I would expect you to get $700 ish for rent.Also, with condos you have a limited exit strategy.  

Gurus charge about $1,500 for weekend 1, $5,000 for the next course, and $25,000+ if you want to ride around on a bus with a has-been reality TV star.   

A Tv, garbage, boxes of stuff, no furniture, some tools, etc.

We believe that the COC gives a better "apples to apples" comparison for cashflow investors because: Cash flow for any property can easily be calculated using standard income and expense assumptions.For cash purchases, there will be no mortgage principal paydown since no mortgage exists.

I doubt Than himself or any of his buddies from the tv show will be there.