The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE. 

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

If you are going into MF make sure you have a lot of cash sitting on the sidelines for maintenance and repairs.

But from what I’ve learned, the city of Jacksonville is stricter with certain types of repair work than others.

Dealing with repairs, contractors, tenants etc is something I got sick off.A relative is renting out a garage in some empty lot and the thought crossed my mind of maybe buying some lot for car parking but I havent yet done any research on potential ROI on it yet.

There are ups and downs with any property and there will always be variables with tenants, rents, repairs etc.

Lowering your standards invites expensive evictions and repairs. 

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Discussing options with my wife, we are looking to take ownership of the house, make some much-needed repairs, and getting it rented out.