Hey Kyle, I'd advise running your numbers on the conservative side and google street view(or boots on the ground feedback) the area as much as possible since you are out of state.

Readers are advised to seek professional advice If you have more than one property rehab going on at the same time, how does irs/lender/investor know which expense goes with what property?

Note: Post-booking communication is allowed until otherwise advised.

He needs to get advice from a lawyer who can advise him on whether to file a legal action or not. 

Please advise do I post details here? 

Please advise regarding payment.

I would advise for the latter.

Advising him to invest in anything on his own is foolish.Chances are he will lose it all, or pi** it away, on cars and toys before he is 25.

Hi, As a property manager in Chicago, if a client of ours presented us with this situation, in good faith, I could not advise them to rent the unit. 

So I don't have of ton of advise but in my process, I found that they paid the same as market rate for rent.