Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

they said around 90% of market value.I tried to get them to understand that this property needs a LOT of work, almost a full gut, some holes in walls (small) old carpet needs to be ripped up, i mean like the works on this thing, you can prob get away with touching up the kitchen since its real hardwood and the bathrooms as well but this prop needs at least 80k.Found out owner actually owes 140k on property, and zillow is zestimating it to be 127k.

There's no precise figure because no one will understand your STR or market as well as you do- or, as well as you will (with time).

2) Please define "above market upside in year two and beyond" as not understanding... 

These days too many people have too little coverage in case of a rebuild so you do want to make sure you understand the true cost of a total loss.

.: Yes sir I understand that.

Understand Chicago ZoningChicago’s zoning regulations vary by ward.

What you want is an agent with experience who knows how to negotiate, watch your back, navigate difficult situations, understand contracts and law, provides an objective cross-check, etc.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

If not I understand and will work to generate a contract that encompasses all of these elements.