@Enyi AjokuFrom the perspective of a long-term landlord in Denver Metro area, were I presented with this particular issue, I would do the following:1.

Let's be pretty aggressive with our underwriting costs and assume:$200 / month taxes$45 / month vacancy (@ 5%)$150 / month CAPEX & Maintenance - its a fresh rehab (unless you're spending $20k on lipstick)$75 / month insurance$135 / month PM (@15%, which is high.)So expenses are $605 / month.

Expert Perspectives on Investing in Chicago Real Estate | Straight Up Chicago Investor PodcastI also would recommend attending local meetups, and the podcast website has one of the best lists of meetups in Chicago.

@Zach SimpsonRead the book “set for life” by @Scott TrenchIt is a perspective changer, and the choices you make now will either “set you for life” or keep you in the rat race.

I would also get a fresh coat of paint on that wood siding and plant some nice shrubs and flowers along the entire width (under all the windows around the front of the house) and freshen up that landscaping - it is the very first thing people will see when they pull up.

We cash flow about $150/mo on average, so any cashflow we have is completely wiped out by our depreciation so we're running it at a loss from a tax perspective. 

Hey everyone,I know this question has been asked over the years but I wanted to get a fresh perspective.

But Im thankful that your perspective gives me guidance and something to actually do!!

Here's my perspective as a lender:You are in the right place to start researching.

If the property is on the border of Logan Square you usually cannot use a recently sold comparable in Hermosa.Now you can use the NOI to promote how good the property is from a cash flow perspective but appraisers generally won't use that number to determine the value.