As a rule I generally assume expenses to be 50% of the gross income for my first look evaluation no matter what expenses the seller reports (unless its more than 50%, then I will use their number.)From there you can get into more detail on what type of capital expenditure budget the property might need depending on what physical condition and what strategy might be best.As far as due diligence once the property is under contract, or maybe before in some situations you will need a much more exhaustive list.

Such notice shall be given by certified or registered mail, return receipt demanded, addressed to the last known address of the mortgagee or lienholder

Talk to a contractor and figure out if any upgrades will be needed to comply with the building code.

He states numerous times about how he saved money fixing something himself rather than going to a contractor to have it done (Duh it's cheaper that way!) 

Check with a local contractor who has done many re-adaptive use projects.

I just tell people I am a contractor .

Looking to get in touch with some contractors in the Orland Park (and nearby) areas.

We haven’t had an exact quote for the repair cost yet-our contractor is walking though next week- but my question is: if we do purchase this house and repair the structural issues what do we have to disclose on the resale and would having structural issues previously, even though it’s been fixed, affect the resale value negatively?

Should I get a contract or security deposit?

A complete list of approved Opportunity Zones will be published later this spring after all Opportunity Zones have been nominated, certified and designated.Q.