The previous owner said that it was done when the house was leveled.    

What if interest rates climb back up from historic low levels?

Here is the situation at a high level.  

In order to find out the rehab estimate a contractor will need to do a walk thru with you, determine the level of rehab and issue you a construction quote.

St Edmunds is building new construction a block west on Prairie and 60th and their is some additional plans for some new mixed & couple large redevelopment projects on that stretch.I have always been a fan of Washington Park but historically(last 70 years) the area has had some of the highest levels of poverty in the city.  

The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...

from what i've seen the cash flows are way down from 2013 levels in Memphis, Jacksonville, Ohio and Indianapolis markets for SFH from these turnkey providers.

The most important macro level factors that I consider are 1.

The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...

It would all depend on your comfort level with the area that the building is in.