Depending on the location and type of property, rents can be very favorable here.

While your local well contractor can help you especially regarding costs  I recommend to understand what you have http://privatewellclass.org which is a project of your Illinois ag extension. 

I have a pretty extensive credit history with no missed payments.

You can find a somewhat decent multi for around 60Kper unit maybe less if your willing to swing a hammer\ and rents are between 700-900 depending on location in the city and condition. 

Hello,We have located a house for rehabbing to start with and can get the house for 35k in a very decent neighborhood.

Also you will need a flange extension for the toilet waste pipe.Swap out the vanity/faucet, medicine cabinet, and/or light fixtures.

Going to try to keep this as brief as possible- I located a great deal: 25 units, NOI is 165K, contract price is $1,250,000.

I am located in SoCal.

I'm located in Jacksonville, FLA and I was wondering if anyone could recommend good schools or advice.

It is in a great location, and listed for an unusually low price for this area,  and it didn't even look that bad in the online photos (for a foreclosure), so I figured it must have something unusually negative about it that wasn't readily apparent, like "black mold" or whatever.