I would suggest working with a mortgage broker and looking at all 3 bureaus to see where all of the damage is.

Now it does say that it has fire damage, its states that it has low taxes.

Yes, the land is owned by the trust and the trustee act on behalf of the trustI'm not familiar with Il. courts as to who may file actions for an eviction or damages or insurance losses, but it usually requires the owner in title to the property.

Pressed wood on floors falls apart when it gets wet so check around all sinks, tubs, showers, toilets and laundry areas for weak/damaged floors. 2.

As was pointed out, the effective rents will be well below $550, the maintenance and vacancies will be high, and the numbers don't work even if it is really cheap.

Yes, 3K is a little high, is that for the liability side or property damage, but a higher deductable will provide a lower premium too.Shop around.......good luck!

Long story short, the last family I rented to did a tremendous amount of damage to the house and I ended up putting about $20,000 into it to get it back in move-in condition (May-Sep 2011).3) House has been listed for sale since Sep 2011.

Maybe cracked, or sections of plaster & lath collapsed, or water damaged - but whatever that is, you will have to look first and fix it before putting in the new drywall ceiling.

My only suggestion is that it shouldn't have taken you a month to confirm whether the price drop had taken effect.

Is there anything specific I need to look out for to make sure the problem is taken care of properly i.e damage to the structure etc.