I have outlined a couple belowThe more I get into this the more numbers I have to dig up and project going forward.Background Information· Purchased 2003: 250,000 (no down payment)· Refi 2006 timeframe (money out for improvements)· Refi 2009 (to avoid drastic increase in payment and rolled in prepayment penalties) I signed the papers so I have to live with itUnless it is absolutely necessary I would rather not discuss the above mistakes in great detail.

We have relied upon them to ensure we have all the necessary paperwork to improve our offers.

Yes, lookup a Microsoft Mail Merge tutorial on YouTube.

Turnkey property, so assuming 5k in improvements, 4k in closing costs.

I do not know about Chicago's landlord and tenant laws but something isn't right if 7 months later the tenant is still there and hasn't paid anything.I would do an autopsy on my lease, how you started the eviction process and if it was completed correctly, how you handled the tenants first late payment, did the PM company screen the tenant per your instructions or could your tenant screening process be improved??

@Steven Hamilton II - given the nature of lead abatement, it could be considered an improvement rather than a repair, and as such the net expenditure would be depreciable rather than deductible.

A face lift, improvements, updating exterior, any of that needed?

One of the properties is a 1 Br/1Ba that needs some improvement, there may be a moisture problem, it has a noticeable bug problem, last year there was a plumbing problem, yea...it needs some work.I am not sure about the classifications nor the current living environment of the other property, but my guess is it's 50/50 on similarity.The owner is offering my friend both properties for $150k with $5k down.

I buy at a discount because of the depressed value of the asset and then I know I can improve the performance of the asset and increase its value.

Sincerely,The Flip Men TeamScott and Amie Yancey of Flipping Vegas, and Doug Clark and Mike Baird of Flip Men seem to have sponsored this event.After reviewing pitches from a dozen or so talented "flippers" of real estate, on Youtube, this seminar had one added twist: access to $500k cash per deal, not based on your credit, assets or collateral.Has anyone seen this, and if so your thoughts please.