Hi @Irving Rivera - I think the old saying that "You get what you pay for" holds true in real estate investing too.I think Chicago neighborhoods like Garfield Park are great IF you have the right team and MOST IMPORTANTLY THE RIGHT TEAM COSTS $$$. 

I was thinking perhaps it would be easier to just bring a general contractor to walk the site and provide an estimate on all the rehab costs, rather than to find separate contractors for each specialized task.For those of you who have worked on fixer-uppers, did you bring a general contractor to walk the property with you and give an estimate on rehab costs?

Hi everyone, I'm planning to set up a revocable living trust.

Partner Driven financed the Stanislaus Ave deal using its own capital, covering the $165,000 purchase price and $54,000 in renovation costs.

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

if your serious just send them progress not perfection is the key. get talking to people and see where you mess up then pivot and fix that screw up. if you are writing letters you are far ahead of many. i would also say to add about terms cash buy/no fees or closing cost/ as is/ and so on\.

A Local Realtor to the property can do a broker price opinion, cost varies.OR Pay for on of the 100's of AVM services

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

Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.7.

It is a question of opportunity cost.