We are at tipping point to return to recession.).Seems to me (at least in California) like the past 10 years have been in EXPANSION but inventory remains low.  

https://www.zillow.com/homedetails/114-S-Broadway-St-Toledo-... seller has 'described' it as follows:"The property features a new roof and updated electrical work completed two years ago at a cost of $120,000.

I used the values from the realtor.com website for purchase information and expenses, and the bank of america calculator to estimate closing costs.

Partner Driven was attracted to the S Homan Ave property in Chicago, IL, due to its potential for a high return on investment with minimal renovation costs.

Fire rating exterior walls on structures like these would be another expensive requirement that would continue to drive up the cost housing which is the last thing we need.Here's the code section I found Exception #2

Most investors in our network fund the purchase and rehab with a hard money bridge loan (10-15% down on the purchase and 100% reimbursement on rehab costs).

Think about how you can get your feet wet in a low risk way, while trying a strategy you become interested in.

this property is well maintained 50 unit around ten years old preforms well and has assumable low rate freddie debt asking price is 11.7 mil assumable debt is 6.5 mil at less then 3.5 % 

You’ll get a lot of agents that tell you they can help you, but your chance of succeeding is low unfortunately.

For example, you can buy a $50,000 house that will rent for $1,000 a month, but it will also experience significant tenant problems, expensive turnovers, long vacancies, and other costly problems.