Never assume nothing in life let alone real estate.

As a start work backward from the NOI and determine a cap rate. 

Buy & hold investors may consider lower cost areas like Aurora, Joliet, SW Chicago, and others to get a balance of cash flow while still investing in a decent area.

and most of the time is  bad management, bought the wrong price, Interest and Insurance to the roof and, I cant get out the Bridge loan to do a DSCR loan etc ...Simple hands on, work do research and minimize risk. 

While we hope rates will continue to trend downward, we can only work in the moment and with current rates.

We purchased for $95K, we put about $50K into it, it's currently rented for $2500/monthHouse 2: We purchased for $95K, we put about $80K into it, it's currently rented for $3500/monthCurrently working on finishing the rehabs for the remaining two houses.This is our forever home family compound, so we have no intention to sell and hope to continue improving and creating new streams of income from the property.

Reason I ask is the market rents are way higher in the area and the asking price does work with currents. 

No rehab needed is great, sure, but with only 120k to cover everything, we're limited and I'm assuming our budget would only find us cheaper deals that need work/rehab. 

The asset manager who trusted us to get their BFR communities back on track and performing through hard work and determination. 6.

The one thing that I do have a question about is how willing are they to work with new investors.