We would like to be able to establish a healthy target to save for the downpayment, closing cost, and rehab so we have the funds we need to do the work that needs to be done.Any general rules of thumb or general guidelines would be extremely helpful.

Second, your offers will be at a big disadvantage to cash buyers and stronger financed offers when in multiple offer situations, which are extremely common.

They are extremely knowledgeable regarding any moratoriums restrictions, they know the statutes, know many of the judges and courts.

@Coua Lee I have extremely low vacancies (none at the moment) because demand is high right now and as long as you’re asking a reasonable rent, you should be able to fill units very quickly.

In agreeance with @Sheryl Sitman Philly as a whole is extremely block by block and your ARV values can change dramatically within a block radius.

Considering the complexity of the structures themselves plus the added complexities of transport/assembly at remote locations, I thought the costs were extremely reasonable.

This will be my first real estate investment and I'm extremely excited.

Getting the loan from this non-profit was also extremely painful although the terms area fantastic.

Usually the typical "marketing" strategies that "everyone" uses has an extremely low chance of success.

Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.