If you're all in at 60k and could sell it fast for 110k (even though its worth 120k), thats a nice chunk of change to be able to pocket.

They bought during the bubble years but besides the siding there's nothing else that needs to be done.I appreciate everyone's input.I'm sure you know, but the "50% of what previous owner paid", while a nice fact, is still pretty meaningless, and you should be comparing to the current MV supported by several good comps.

So you have a nice head start, then you slam the remaining balance with the cash flow from 17 properties plus the money you had been setting aside for acquisition.

They would have 3 choices 1) more out at the end of the lease 2) m-m lease $200 aboved the rent increased 3) lease @ rent increase.I totally believe in Karma and being nice.

Also, Hawkeye does not charge any money upfront (except maybe a $49.00 fee, don't remember exactly) which was nice compared to other similar companies I looked at that wanted $1,000-$2,500.

But I got a couple of responses from another post that said this is nice wood trim and to leave it for a rental - Now what?

Andrew Emery Always nice to see young Chicago investors like myself!

Thank you Louise for the very nice compliment.

Here's a nice comparison from UW between Locke's Two Treatises and the Declaration, though the phrase itself was originally used in another of Locke's works:http://faculty.history.wisc.edu/sommerville/367/locke%20decindep.htmHere's a good article on the philosophical underpinnings, with a decent stab at the meaning of "happiness" in that context:http://hnn.us/articles/46460.htmlYes, I'm a nerd.

Dick Rosen - Nice to see you as always.