Hello BP-In the last month I have noticed in my local market (Chicago) that properties on Hubzu.com started to fly off the shelves.

THAT PRETTY MUCH COVERS THE TENANT DOING  ANYTHING TO THE HOUSE FROM PAINTING, CHANGING LOCKS OR PUTTING UP SHELVES ETC.No additional locks may be placed on any door without prior consent of the Lake time investing.

The closet shelves were just made out of 2 sheets of drywall laid flat. 

Honor its history (gooseneck faucet in the kitchen, open shelving) but give tenants  modern living (washer/dryer on main floor, energy efficient appliances, and two tone paint.)

What I am seeing and reading is that it's the entry level homes that are flying off the shelves.

Also, I find many of their shelves a total mess.  

Hey Travis -- yeah my post got cut off and the app wont let you edit sorry.gross rents for 3 occupied properties is $2150 (2 SFU and 1 duplex)prob $500/mo potential rent on vacant home; needs work though to get it rented. lets shelve that property for this discussion thoughnet cashflow for 3 properties after tax, debt service, prop mgmt, tax, ins, 10% vacancy, 10% repairs, etc. is conservatively ~$650/mo .. 17.2% IRR assuming a 10% capI can likely get the properties for cheaper -- but $110k cash is really the top end of my limit.Just really looking for advice on my best financing options (if any) for a seller that wants a cash buyer.

The duplex I bought was a gut rehab with no shelving, so I installed it myself.

We'll be using this same form to inspect your unit when you leave.Specifically, here's a list of items you should thoroughly clean before vacating:[ ] Floors[ ] sweep/mop laminate floors[ ] vacuum carpets and rugs (shampoo if necessary)[ ] mop kitchen and bathroom floors[ ] Walls, baseboards, ceilings, and built-in shelves[ ] Kitchen cabinets, countertops and sink, stove and oven--inside and out [ ] Refrigerator--clean inside and out, empty it of food[ ] Bathtubs, showers, toilets, and plumbing fixtures[ ] Doors, windows, and window coverings[ ] Other _________________________________________________________If you have any questions as to the type of cleaning we expect, please let us know.Please don't leave anything behind--that includes bags of garbage, clothes, food, newspapers, furniture, appliances, dishes, plants, cleaning supplies, or other items that belong to you.Please be sure you have disconnected phone and utility services, canceled all newspaper subscriptions, and sent the post office a change of address form.Once you have cleaned your unit and removed all your belongings, please call us to make arrangements to return all keys.

This is typically called "shelving the loan."