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. 

Get at least 60% IRR on flips and land development.2) With this diversified portfolio approach, 70% of your money is safe during a market correction.

We only outsourced the roof, (which was a simple torch down), some general electrical work to get things safe and passable and the installation of the HVAC system.

@Chris Bounds I totally agree with making an offer on the spot but with this being my first deal I'll probably do want to be more conservative and be on the safe side but good advice nonetheless.Ryan Dossey Homes in this area sell for around $50-$60,000.