What you have calculated is not cash on cash return.   

you not on one of the major listing sites you are missing a lot of revenue potential Penny wise dollar poor

And I still finance land flippers all over the US.. so perk test and soil test we deal with every week on our funding's.

Than be smart, site back and listen, take it all in, be a good student. 

I just did one for like 28k, was a little short on a closing cash purchase. 

I'm new here to the BiggerPockets site.

Removing some of the on-site staffing that is not needed 4.

You can't beat the price, either, or the interest rate on deposits.

Congrats on your lot purchase in an awesome Chicago neighborhood like Humboldt Park.

PMs can minimize their suffering from unrealistic expectations by showing comparable properties that are on the market for rent and having a discussion with the landlord as to how their property compares and how his property can be more attractive to renters.Landlords are running a business.