Property was completely occupied and had recent updates.

The unit has not been updated in that time, but rents in the surrounding area have increased considerably.

See this as a learning lesson, update your lease to include the name and physical address and carry forward. 

**Property: ARV: $90K ( being safe there was 1 comp that should for $98K and 1 pending for $95K) **Repairs:  She explained a bunch of minor things that could be $10K-$15K ( all mechanics have been update and roof within 7 years) The pictures she sent home is definitely livable **This property can rent for $1050/ month **Mortgage Amount $63000*Monthly Mortgage payment $696 Im curious to hear the creative strategies as the cash offer just doesn't make sense here but I want to explore all options 

Note that it's possible to get slightly higher leverage than this given some exceptional conditions (ample experience, great market velocity, etc.)

Question is should I wait 1 month to fully update my property and than sell or sell now as is ,No mortgage on property, all cash , my cost was $220kAlso contractors are hard to find and finish the project on time Also looking to leverage this cash into bigger portfolio TIA

Update on my personal experience with this.

The Chicago market never seems to stop updating and I would like to understand the metrics behind this business model.

I’ll keep on working and learning and updating here as things progress.

Please update us on how it goes.