I'm thinking I can get the property for $380k plus 50k rehab.  

I also think of property locations and property conditions having different classifications. 

Stuff happened.If I were to sum up the one thing that I think investors aren't doing enough, it would be getting real-life reps.

I understand the crime concerns, but why do you think traditional financing is risky?

I'm currently pre-approved but my lender gave me a "mid-level rate" which I believe isn't my actual rate since I haven't chosen a property but me not being as educated on the behalf and thinking it was my actual rate I decided to rate shop a bit.

I personally think being a landlord in Chicago is easy and I have never had an eviction. 

Easy google search if you want to look it up.I do expect them to take profit on this, otherwise how would they survive, but if you think you'll really get far doing this way that's a different question.

You might be surprised, but your rental properties have more in common with dividend-paying stocks than you think!

Quote from @Spencer Thomas: Quote from @Dominic Mazzarella: Quote from @Spencer Thomas: View report*This link comes directly from our calculators, based on information input by the member who posted.What do you all think of the deal and how I analyze it? 

I think we strayed a bit from the plan and probably put a little too much in.