By the way, Chicago is a great market, one of our other moderators @Steven Hamilton II is active there.

If this is your first investment and/or you are out of state and/or you want passive cash flow, I would advise you to look at the more moderate returning neighborhoodsHope this helps! 

I currently have two single families under contract one a moderate rehab and the other very minimal work required.

Maybe a moderator can jump in and advise.

We own the property with my father-in-law that has lived in the other side, and we split the 15 year fixed 50% with him.3,032 sqft total, each unit having 3br 2ba and full kitchensNet Zero home with a giant solar system and no gas (we only pay the $25 per month service fee for all our energy needs)2.25 acres backing a moderately traveled highway3,000 sqft detached heated workshop with a half-bath that can accommodate a motorhome Both parties will be moved from the property in about two months to different personal residences, and both parties are newbie and excited REI's.Our plan A was to sell the property (currently listed with a local REA on the MLS for $750,000 - many realtors have walked and said the property is priced spot-on) and use the cash to invest elsewhere.

Money can be made on properties that only need moderate cosmetic work, but those properties are hard to acquire at a discount.

Though I have moderate levels of concern, I find others' lack of concern reassuring.

It caused a moderate damage to the walls and floor boards.

There is moderate risk involved, which is why he can charge a higher rate for these dealsHe is offering very attractive returns for investors, but it seems too good to be true. 12-15% (annually, usually with monthly payments) returns to investors.Does anyone have experience with this type of investing? 

@Jason Davis BP Forums have a rule against self promotion & promotion in general, which is why when asking for referrals we will send them to you as a PM - any other way and our post will usually be deleted by the moderators.