You owe $65k to your existing lending.If you refinance, depending on your FICO, you get up to 80% LTV of the new value, meaning a loan for $80k.

Some neighborhoods with high appreciation rates:Loop, Lincoln Park, West Town, Lakeview.

I ask as they depreciate over time, so even if stolen, you can't charge tenants the replacement price, only the depreciated value. 

Questions for later: • Is the high level of activity an overreaction to a nonissue?

The new builds are very attractive with all of the incentives, but they are often in weird corners of the town and do not command as high of rent as more prime locations that have been around for awhile.

I have the similar settings as @Bruce Woodruff "guest must have a good track record" and I send a pre-book message that they will have to provide me with their email address in order for me to send them the rental agreement and I have not had any issues with using that option.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.

Cash How did you add value to the deal?

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.

if its vacant and your getting 3 to 4 showings a week which is huge its price or the condition of the property ( condition beat up rental) Price to high given the condition.. has nothing to do with RE agent etc etc.. its a combo of those two things i.. its always those two things.. unless you bought  in a very bad part of town full of rentals .. that could also be an issue .. and if you did then your only out is to rent it and sell for what an investor will give you based on its income and what they are willing to pay for a given income.