This was during the biggest run up in RE prices since FOREVER.

However my back end split is better.. since I sourced it ran it and had to front all costs to get to the profits and returns to investors are about what your talking about.

@Shuvrajit Mukherjee - You have to be able to scrape that data from some where pretty easy...a lot of that property specific info is public record.There is a website called chicago cityscape...I am decent friends with the founder....it is sourcing a ton of data that might help. 

Your source is Fox News...

One of the biggest red flags I have as a lender (who lends my own money as well as secondary market loan) is when a rookie tells me there goal is to buy 10, 20, whatever properties in the next year. my next question is how many do you own currently?

I have a contract template for a double close, but not for an assignment contract, I will have to source that for each of the locations we have deals.

Other sources have certain loss limitations.2.

Ones of the biggest was that we had to completely replace all the old electric, luckily we were able to save in other areas of our budget to offset most of the costs but not all of them.

I'm stressing because I wasn't anticipating this and am not excited about the prospect of paying 2k more than I was expecting when my mortgage payments kick in next month.I'll be searching the forum for answers as well, but since I am kinda desperate at the moment, I thought I would go straight to the source for advice.

I'd love to learn how this all works to see if this could be a good source of properties.Thanks for any help here!