He even went out of the way to talk to the rehabber, who he had not worked with in the past to urge him to complete the unit faster on my behalf. 

I am not talking about them not making a profit, in fact they have their very well defined fee.

If you're free we can definitely talk some more about what the Rockford area has to offer. 

Feel free to inbox me if you want to talk further. 

Also have you talked with them?  

Trying to see how I can start the journey in real estate by talking to mentors like you.ThanksVinay

I know many here talk of it as if it is property-specific -- they are wrong.

If the taxes are being paid by the bank then it is a good guess that the property is Bank Owned.My suggestion would be to find a local Real Estate Agent with REO experience and talk to them about the property.The whole process is long and slow,  Patience is key

They are asking 299,900 Land locked, no room for expansion.Total Income     22,187Insurance              189Liability Ins.           767Interest Expense   174Loan Interest     10534Labor                  6400Repairs                 646Supplies                90Taxes                 2532  (Not sure what value amount this is on)Telephone            841Utilities (G & E)     802******I talked to commercial lender today and he said they require 30% down, financed commercially at possible 5.3 to 5.6% + for 15 or 20 years.  

If that does not clear it up, I would go talk to someone who either deals in notes or deals in bonds to get their input.