The tin ceiling in the kitchen, leathered granite countertops, farmhouse sink, new cabinets, and stainless appliances give the home a farmhouse charm and modern functionality.

If you have a robust vetting process, I say also look into craigslist. 

However, city that has the fastest U curve for appreciation, is Indianapolis.The IRR function is nothing else than projected price appreciation and total cash-flow anyway.

If a kitchen, how do you ensure the tenants have a functioning kitchen during a renovation?

@Eric Greenberg I made this one looking on public records for all parcels that are 700sf using the "my maps" function of google!

They have a library of models built for this purpose, and loads of tutors on how to use them.Ultimately, nothing beats a customized model for you and your purposes, but these can go a very long way, and with some know how, or buy hiring someone, you can use them as your base model that you build upon functionality you want.

Brown water, non functioning appliances, etc.

We have a fully functioning management company and we are both licensed real estate agents.

I'd love to put you in touch with a landlord like this who is also in Chicago.We're also beginning to plan out our accounting/bookkeeping/reporting functionality (coming in 2017).Thanks, and happy holidays!

This is the sort of platform that I hope to function in ever since my dad and I spoke about the possibility of switching to wholesaling.