If you plan on getting into these markets, I wouldn't expect much cashflow at all but if you are able to weather that in the mid-long term game, I just don't see A class neighborhoods in Chicago going anywhere but up (both value and rent price).These downtown neighborhoods are my bread and butter and I would love to connect with you to talk further about what your plans are and what types of properties you'll be looking for.

Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /class neighbourhood - no crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next 1-2 years ($8-9kish)Garage door needs to be replaced ($700)Stairs and driveway need to be addressed ($2k)Had drain scoped needs to be cleaned out ($500)AC is working but on the way out ($2k)a few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property.Insight appreciated - thank you for getting this far

You simply cannot ignore or overlook having qualified experts on your team, and having those who deeply understand the particular asset class of real estate you are investing in will be even more valuable. 

Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /C class neighbourhood - little crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed supposedly I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next year ($8-9kish) and chimney needs workGarage door needs to be replaced (has a hole in it) ($700)Stairs and driveway need to be addressed - very bad trip hazard, driveway needs serious work ($2k)Had drain scoped needs to be cleaned out ($500) but otherwise goodAC is working but on the way out in the next yeara few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property (from DP and fixing cost) and homes in this area appreciate around $1k a year - so not much appreciation potential Insight appreciated - thank you for getting this far

Properties are in great condition with stabilized occupancy and are located in “B” class area. 

I don’t think the letter are illegal, but what’s said in the letter could violate huds protected classes.

A 3rd generation family runs it and...well...many of these doors need love.I have a PML who will do 100% purchase and rehab costs as long as we are at 75% but he needs $75k per loan and this is a lot of C class properties at the moment and they will not qualify.

This is the asset class I want to get into, mostly because its my comfort zone. 

@Dwight Cook I did (from Cali). 

I'm currently studying business, and for a class project I'm needing to conduct a few interviews with landlords, specifically who do your own property management.