I sent my business partner an email out of the blue.

They kept the rents low, rented to people based on handshakes, didn't update units, people were there for 10 to 15 years in a nice blue collar "C" class neighborhood and paying ghetto rents.When I learned that if I increase the NOI (money coming in minus expenses, not including debt service or Cap Ex fixed expenses) by 1$ the property is valued 10$ more according to my research and verified that through my lender, I was off to the races.  

It’s a 3 unit (9 beds 6 baths) in Tri-taylor a few blocks from the Blue Line Western station.

Susanna on this thread ONLY listen to Bill S  LOL  his information is correct and he gives you reality.most folks are just giving you blue sky and what you want to hear.SUB TOO for someone like you who ( if your stating your funds are limited) is exceed ling dangerous to the SELLER.. and any seller in their right mind would never enter into a deal with you.Foreclosure lease back bailouts in many states are totally ILLEGAL Oregon they are  and it appears Colorado Your agent while semi correct is confusing a few key components.. so again Bill clears that up for you.Also having done quite a few of these before the laws changed..

Here are the details:Location: City of Chicago, Neighborhood of Avondale/Logan Square; 3 minute walk to a blue line subway station (26 minute door to door commute to the loop).

C will attract service people and blue collar.  

We are in contract now and the inspection period ends next week.Here are the details:Location: City of Chicago, Neighborhood of Avondale/Logan Square; 3 minute walk to a blue line subway station (26 minute door to door commute to the loop).Market: The area has seen growth in both property value and development.

Again, my deals were not linked to him in anyway (you'll see why I'm putting emphasis on this later).Two years went by and out of the blue he invited me to go to Vegas with him. 

Let me know if that'd be of any interest to ya...oh and LETS GO BLUES!

I used to live in Ocean Park, in Santa Monica, right near venice!