There's enough demand right now that the seller would rather have you cancel and the next person will come along this weekend and probably not care about asbestos.It's safe to assume that if a house was built between the 1930's and the 70's some kind of asbestos-containing product was used in the construction.Also keep in mind that if you get it tested and there is asbestos (i.e. you know about), you must disclose that fact when you sell it down the road. 

I'm pretty confident that my repairs number is a little higher than necessary but I wanted to be safe.

While you might not be able to do a cash out refi early on, it will build equity over time and you can also get cash flow to safe up for the next deal. 

Chicago is definitely a solid place to invest, but I doubt you will find a true stabilized 8 cap in a safe suburban area.

I would still collect rent monthly if I were you just to be safe unless the rules are different in CT.

I left a message for them both stating that they are still considered tenants and owe rent for Sept. as we did not get a formal 30 day move-out notice (I am taking a wild guess but I don’t expect that their check is in the mail), and that if they call back with their situation and move out ASAP we may be able to work out a deal, pro-rate or something, but either way we need to know the situation.Any suggestions as to how I can legally get them out ASAP, or way to safely clean up the place without having the liability of touching any of their remaining items?

I have a 40 foot cottonwood on my lot, but very close to the property line.It's been dead for a couple years, and is starting to lean a bit toward the neighbor's yard.The Arborist says he needs a crane to remove it safely for $1900.My insurance company was no help when I consulted them.Once it falls, it will only cost $500 to clean up.$1900 is just too much!

I usually come out a bit better than but thats a safe bet.

If you live there for the 2 years prior to a sale, you are safe from paying taxes on the gain.

On a 20 unit I think you could safely assume $3000 per year.Your repairs are probably too low.