Soon you will look old and wise!

But not us operators.. other wise every hard money lender would do this.. and we are not all clueless like some thing we are  LOL 

Refinancing is probably not a wise decision based on what you said.

@Adam BrammerBuyers agents are free, it would be wise to use your own.

They're working to invest it wisely.  

At a 5% downpayment, the monthly total payment is ~5k and perhaps the rents could be increased a bit but even then, they'd only be around 5k total monthly gross rental income..after any expenses and repairs you're in negative territory. i don't really understand who would buy that property..I guess an owner occupant who doesn't mind having a higher personal monthly payment still, or someone just seriously banking on appreciation and willing to incur negatives during the meantime which seems silly..but i agree with the original poster that lots of multis in these areas (wicker/logan proper/humboldt) are priced like this kedzie one and basically aren't a good deal sadly, since they are the nicer properties (location and often turnkey wise). have to go further north/west to get the deals. im hunting for a 2-4 flat myself and wish it could be in prime palmer square location like the kedzie unit linked, but the numbers just dont work

You wise some excellent points and I agree with you.

It is a town with many hidden gems, property wise and other wise.I currently invest in Grand Rapids, Holland, and Kalamazoo, MI, all of which are fantastic markets in terms of cash flow, vacancy rates, overall stability, low unemployment and population growth.

Give me your highest and best.well its not a theory we do it all the time and many others do other wise the MLS system would not have a form for it.. but if you don't like it that's fine..

(i.e. is it a wise business decision to spend $1 to save 45 cents, when you don't need to spend the dollar in the first place?)