Imagine my surprise as I walk up to this structure, thank god I was "awake" enough to be able to notice this beautiful piece of Architecture:The enigma that was Roark hopped out at me in real life in the form of his temple, in reality it was designed by Frank Lloyd Wright.

Pay to have a GC walk with you to understand the scope of work needed for deals.

Worse case is I do not learn anything, wasted 72hours and just walk away with the knowledge to know better in future.

I walked this property about a month ago when it was full of trash.

Would it be worth it to invest in a less expensive unit just outside of the strip or is having a place within walking distance the biggest appeal?

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

@Dennis GallagherAs for the 50% Rule (where your expenses equal about 50% of your revenue) - I might argue that the flaw in the theory is you will walk away from many great wealth building opportunities just because it doesn’t meet the formula.

Then the buyer walked because he actually didn't have his financing lined up so it was all a game. 

The note investor who thought that after the debtor was late with a payment he could just walk in and take possession/ownership of the property without foreclosure proceedings3.

As is was mentioned above Fannie/Freddie require 12 months before you can use the new value to walk away with cash.