So now you have a total of 3.5 hours at $65 (cost to the PM owner) plus $12 for the special light bulb.

I totally agree that these tools are no substitute for experience and judgement.

Quote from @Patrick M Nichols: Cogo is a total scam... lots of fees on the front end.

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

I'm totally good with some sweat equity but I'm not in a position to do Roof, siding, structural repairs and such.

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.

. $1,500 of the $3,500 is a refundable recycling deposit so total should be $2,000.

The markets investors like you want to live in and invest in are often two totally different places, so don't limit yourself yo a single plan. 

Deal 2: Duplex (older home that needs TLC in good location)Purchase price: 120k, Rehab 40k, Total all in: 180kExpected Rent: $2,400/month to $2,700/monthDeal 3: 5 Plex (is that even a word?

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.