Target Low Vacancy RatesChicago neighborhoods like Lakeview and West Town boast low vacancy rates, meaning fewer empty months.

Just taxes will be 20k.I would run numbers like this:Property 1.5 million (minimum)Construction (Cheap end) 2.14 mHolding Costs (at least 150k)In my book, even according to your calculation, that means you put in at least (those numbers are on the low end): 3.8m! 

That ship of low rates that sailed could come back?

@Chris Wagner- That's just too low an amount to make the claim worth it. 

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

Most of the time, the home warranty takes a long time to approve your repair, reach the property, and then they use low-quality materials.

Save the low rate: Keep your current loan and focus on building savings for the next down payment through budgeting or a side hustle.2.

With a purchase price of $250k, your rent is WAY too low!

Inventory is low and sellers won't budge.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.