Good luck getting started with real estate investing and let me know if I can answer any questions for you on the financing side of things.

The first flips were during a super hot market, so 1 was an easy rehab and the other I purchased at a discount for cash simply resold 45 days later for profit.

If you buy a duplex with 3 bedrooms each side, it's most likely a family will rent and so the school district is important. 

The only caution I would say is not on the insurance side but on the sales side, if I walked up to a property and saw a bunch of patches on a roof it would be a red flag to me.  

Get yourself a Bosch Bulldog rotary hammer with a 1" wide chisel bit and that will remove the tiles like a knife through hot butter.

Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

Hi there -- I'm very new to RE and BP, so apologies if common economic logic already answers this question.I live in Chicago along the Blue line in Logan Square, which is a "hot" neighborhood.

@Alex Perez  Lender's cannot discriminate against the size of a loan on the residential side.  

Since it already has the ductwork, it could be replaced with a forced hot air furnace. 

When I started I used my clerical skills to assist a broker so that I could have income on the side before I started closing deals.