. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

Hey guys,Here is a link to a video and some pictures of a property that my partner and I are considering to sell.Rental Property Pics and VidsIt seems like the property itself is a total rehab.Problem is, the community this property is in is a rental community, not a fix and flip community.Judging by what you see in this video and the pictures, what do you think the repair cost would be to make this house acceptable just to be rented out?

It’s the same as one mtg.....the purchase price has to cover the total owed plus whatever the seller needs.

ok, so I'm not sure I totally follow... is the extension a tenant option or the rent just bumps up in 4 years?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

This deal would be for a total of six duplex (12 doors total) with each unit having 2 beds, 1 bath, 1 "office" in the basement (aka bed with non-compliant egress). 

I did a nice rehab and since then I have spent a total of $2100 on other items in the trailers.So, doing the math $18,000 spent originally, $2100 since = $20,200 total investment.  30 months income at $325(3)/month = 30*975 = $29250. 

This bring my total of doors to 20 since my first purchase in June.

I agree with Alex in that if you have 50k total to invest, the suburbs of the aforementioned areas may be best.

I have been looking at SFH that average around $45-55k, then let's say you throw in around $10-15k in repairs/fix up costs to total ~$60k.