If you have high quality tenants it seems like a moderate risk.

Granted, many of the more educated and seasoned individuals in this thread have a more moderate approach to this method of RE.

You're looking for a bunch of moderately successful deals with the occasional home run. 

Here is where you can find forum rules:https://www.biggerpockets.com/...The moderators are not logic police or fact checkers, although each moderator is free to offer their own opinion.

In some cases they depreciate - especially in lower to moderately low income areas,  or in older suburbs where the school system was once good but is becoming less desirable due to socio-economic / demographic changes.

We are renting units at rents based on true moderate incomes.

Moderator Note: Deal making - including looking for or offering deals, is NOT allowed in the regular forums.

If seller included these reports in the seller disclosure, I wouldn't have signed the contract.The mold report was done 7 months ago with moderate level of spores concentration .Due to the missing and not correct information in the disclosure, I requested seller to cancel the contract and want them to refund the fees that I paid back (option fee, home inspection, appraisal fees and the earnest money).

A lender may require that you pay that off anyway to qualify for a loan.Once you have the 3-6 mo. emergency fund and paid off high interest debt, I'd personally probably be looking at paying off any moderate interest debt (4-5%+), opening an IRA, and setting aside a portion of what's left of the $100k to make max contributions for at least the next few years until I knew I could set aside enough income from my job yearly to make the contributions myself.

IL has three types of tax sales and varying penalty rates and rates of return on subsequent years' taxes (12% per year or part thereof).Moderator note: self promotion removed.