Hi Greg, I’m still relatively new at this, only being involved in real estate investing about 6 years this go round.

This is pretty clean.Scenario 2:  Your partner has owned the house for 15 years and has been taking accelerated depreciation, so the book value of the house is very low. 

And fall in equities will only exacerbate this trend - along with continued on-shoring / pro-growth trends the current administration is pushing.  

Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

Is this reasonable or do I need more money?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

My state is very fair to landlords, but there's no way to win this scenario.

After seeing my brother's success with flix and flip in the bay area over the last 4 years, I decided to explore the same in New York.

I’ve been in this business a long time, and I know firsthand how overwhelming that first deal can feel—especially when it comes to financing.