I am targeting $2000/m for rent.

Hello BiggerPockets community,As I begin underwriting smaller acquisitions targets in both Logan Square and Englewood, I find it hard to project anything beyond a 10% IRR, CoC above 3.5%, and an equity multiple north of 1.06. 

No targeted IRR.

., and if your target audience or buyers in your neighborhood are middle/upper class, own their own business and need an office, etc., they may desire that more and comps will reflect that.Most MLS listings categorize offices/dens/bonus rooms all together and is often overlooked or missed on Zillow, Redfin, etc.

Make SURE that you have a target tenant in mind and that the property manager knows what that tenant type is.

Nothing else really matters beyond this bc if there are no leads coming in, there is no business being done.My opinion, targeting FSBO/expired's is good, but should only be one of the multiple channels you are targeting with your marketing campaigns. 

Leaving money on the table is a sin...And, a realtor's performance isn't measured by tasks but by how well the property represents the targeted market and buyer.

Utilities costs (Gas, Electric, Water) for the past 6 monthsThis part of your motivated seller questionnaire gives you the information with which you'll be able to decide whether the property needs a short sale, whether seller financing is an option, and how to structure a deal or an offer that can work for both you and the homeowner.You'll also need this information to properly market the house to your investment property buyers.If you're a new real estate investor, I hope you arm yourself with the information on this page to work out win-win-win solutions for your sellers, your buyers and yourself.Motivated Seller Questionnaire Red FlagsThe power of the motivated seller questionnaire is that it helps guide your interview process, and gives you a framework to make the screening as conversational as possible (In other words, it's a script, without the mechanical sounding words and phrases).It helps you in the 4 following ways: Avoid Outright deception by prospective property sellers Properly screen your inbound leads for seller motivation Helps screen out irritable, irrational, potentially psychotic people you should never, ever deal with Helps you build rapport with target ideal candidates Supplies information to help structure your dealsAvoiding Outright Deception I've had a property owner tell me "..All the house needs is less than $5,000 dollars in repairs, and it's ready..." on a house that clearly needed so much work ($35,000 to $40,000 dollars) that no buyer or agent had ever called him back.Better Motivated seller screening Being a successful real estate wholesaler is a matter of alignment.

And even if it doesn’t work perfectly, maybe it will take an additional year or two to hit your target.

People that pay Cap Gains pay plenty in taxes, just ask one of them....The Govt will get it's pound of flesh from you....