Many parents are worried that additional cuts to teachers are on the horizon unless CPS gets bailed out by the State this month. 

At that point, I would look to just cut back to working 2 days per week.

Assuming the same rates, it will take me another 9 after that to go from $200k to $400.Most of the books out there seem to suggest that with leverage you could make about 12% per year, which cuts down the number of years substantially.

Best way is to obtain authorizations for release of credit, tax returns, assets and liabilities, then send copies or get several originals to use, mail them  and obtain information directly from the source, this cuts out the chance of fraudulent statements.You also need to underwrite the type of business, what hazards are present, toxics, fire, insurance coverage, competition with other tenants, traffic counts, environmental laws applicable to them as well as your infrastructure being sufficient for tha use.....electrical, plumbing, traps, fire codes, etc. 

I hear that mentors can really take you to the next level and really cut the growing pains down considerably. 

It just throws you off completely.This is my opinionGo walk the property ideally with your agent and your contractor, take a billion pictures and let your agent and contractor tell you their numbers and make an offer.There really is no "short cut" or an "estimate" way of doing this.We are talking about flipping.

My opinion is if you are still underwater in 2018 then you need to either be prepared to be under for many years to come potentially or cut your losses.

But in my opinion the single most important thing is that you do the numbers and calculate the difference and can decide for yourself exactly your cut off points and what works for you.

If the grass is not cut, the city will come after you, not your tenants.

We wanted to cut the middle man, so we got a lot and built from the ground up.