Purchase price: $10,000 Cash invested: $32,000This was originally a two bedroom house upstairs with kitchen dining room living room and a bathroom downstairs with like a mud room for say.

Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below FCheers from Fort Worth, TX

. - The insurance industry like many others (including our industry of home remodeling here in Chicago) has escalated exponentially in cost.I've got several local Chicago brokers I can share with you, but I think no matter what your rates & premiums have probably gone up...I will send over a couple of contacts for you.Just curious, what neighborhood of Chicago is your building in?

I also use pricelabs to set my price at a competitive rate.

I think the cons are high crime rate and I imagine high turnover / non paying tenants.

forgot to add i want a 25-30 year fixed rate

We closed a 2.5M purchase here in So Cal using 12 month business bank statements for a dispensary owner. 30 year fixed rate in the mid 7's.Alternatively, you can go the conventional route, but you cannot have ownership in a cannabis business,    ie: a W-2'd worker, lower down payment.If you want to brainstorm, lets talk to see what may be your best options.Thanks

The partner is not agreeing to keep it, we have a mortgage on the house but still it seems that we will have positive income and around 6k-7k cash flow each partner.

When interest rates went up, I was having to leave too much capital in deals in my target market, usually more than my acquisition outlay and rent-ready repairs.  

Hopefully this video can help someone else that is interested in buying a house through the courthouse auction.