Chicago is a great place to invest and I can share some of the things we do for our other investors that have produced the most return.

It this area, you can take almost any property and turn it into an income producing revenue stream with good, hard work (not saying you should by-pass analyzing and re-analyzing any deals that come your way). 

You'll need a good accountant to help you calculate this annually.Non-recourse lenders generally require a higher down payment, have certain property requirements (must be income producing, etc) and the loans are generally structured as 3 - 5 year ARMS.A third scenario would be your IRA co-investing with someone else as tenants-in-common.  

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Working in a sellers market has been tough but i have adapted and learned, as a result my business has grown substantially because of it.My goal is to not only help myself become financially independent but to also help my Dad retire in the process.

this opposed to what I usually do and buy and the top and sell at the bottom .. the results of this are poor..

Here's hoping you have better PM results than your motivated seller!

This is important because if you have to put out more cash for closing costs, this measure is going to change potentially significantly.Annual Cash Flow Before Taxes: $5,597.60Cash Invested (25% Down Payment): $61,475Cash-on-Cash Return: 9.1% (I don't know about you, but I wouldn't be super excited about this result.)To do a real analysis, you should be more concerned with projecting out cash flows and resale value as best you can and running IRR, but I think that the Cap Rate and Cash-on-Cash shown here at least indicate that the price is too high for this property.

Like many businesses it's something that you have to put time into at the beginning to see results.

Home Depot will come by the house to give me an estimate, as well the other people who came talk to me.I will compare all the prices and keep posting the results here.The project I'm working now will be a nice come back deal, very profitable if everything goes according to plan.