Full paint and flooring (including removing some wall paper and glued down laminate flooring), patched holes in walls, replaced cabinet doors that were missing, replaced a few lighting fixtures, reconfigured closets that were missing hardware, cleaned up back yard.

@Charlie Cameron It's always so much fun to see the "light click on" for an investor. 

It looks like I've been warned. 

(tenant initials received in lease docs)- Illinois: "Disclosure of Radon Hazzards" (only if they are known to exist or there has been a warning they exist by lessee)- Illinois: Pre-1978 Rental Housing: Lead Based Paint or Paint Hazzard Disclosure Statement (tenant to sign)- City Info sheet with phone numbers for utilities, municipalities, etc.- Move Out Bonus Contract (If tenant meets all criteria at move out, I give them a bonus / rent refund for a good move out)Security Deposits: In Chicago, the landlord must disclose the name and address of the bank where the tenant’s security deposit is held using an interest bearing account.

If so can someone shed some light on the balloon?

For my first property, I'm hoping to get into some light fixer uppers. 

I own few houses, have 25% down and credit score of 760.I am looking at couple of properties priced around 900K;I am looking for recommendations for financing options that are first time friendly and can work with light documentation.

I’m heavy on assets but light on income and have no W2 income.

I think it has mold, needs new carpet, some bathroom remodeling and some light kitchen work.

If you were wandering why it is so hard to find/buy anything this article may shed the light.