A 3.4% interest rate is phenomenal.Your expense assumptions seem accurate. 15% combined for Repairs & Maintenance/CapEx is safe, considering all three units were recently renovated.Well done!

This, combined with the potential for stricter lending practices in a down economy, could make it very difficult for me to obtain financing.

Do you think those numbers are realistic $3600-$4000p/month combined?

Hey Hud,I agree with @Joe Cassandra here, for dated home such as this one, you'll want to raise your repair and/or CapEx reserves to between 15-18% combined (in my head I'm seeing 12% CapEx, 6% R&M)Property taxes seem extremely high here.

Repairs and CapEx combined at 8% conservatively 12% depending on the age of the property.1% rule at .89%.Cashflow 68 bucksROI 1.32%.Even if you do 30% downpayment you don't even get to 3% ROI.

So for us investing from afar, it was a combination of we could make our financial numbers work, there was a diversity of submarkets in one market & getting to Chicago was and is easy.

I’m having such a hard time getting the right person to take care of my Quickbooks and file taxes for my Real Estate investment business I’m in NJ and I had the same accountant for 25 years and he retired two years ago and I cannot find anyone that can get my books corrected, I have hired a virtual to rebuild all my QuickBooks for 2018 last year and it was a complete failure and now this year I have hired from LinkedIn to try to get 2019 corrected to move forward in 2020 and I can’t believe that its going badly once again, they are reconciling 2019 but the P&L makes no sense and I cant make a report that shows any individual properties expenses when I put every property in its own class before they came out with project tracking, nor can I see what my company expenses are minus the project costs.If that’s not bad enough my net after all expenses combined for the year are showing more then double of my income after COS, mortgages, ETC.Can anyone recommend a good accountant that has a staff to repair QuickBooks and file taxes for an investor that has rentals and flips?

This is establishing my REHAB budget, and it comes from step #13 - Combining Steps 1 and 2 gives me my Maximum Bid.4 - I make my offer based on Step 35 - When/If I get an offer accepted, I inspect the property during the 7 day inspection period. 

This is due to the very unique combination of economic factors at play here, namely housing shortage. 

Use the equity you made on doing the flip with the 203k to buy another property using hard money or some combination of financing.