Doing the math on the rents that I know it seems way overpriced already and with him being unwilling to provide any information I am guessing it is a total wreck inside the homes. 

Who doesn’t I guess?

But if I had to guess, I'm paying about $125 an hour and thats a licensed plumber but one that can't pull permits (illinois requires a plumbers licensed and a business license).   

If you are unsure, then don't make them up or just guess.

I guess I don't have to de-convert, the idea came through researching online about how to buy a condo association.

There are Lots of lenders out there putting out garbage preapprovals...I guess they’re afraid the potential borrower will complain about all the “extra” documentation.

It all depends on whether you want to guess from the exterior, or break laws by trespassing and door knocking.5. the usual unexpected repairs seems like another thing to add.Are you opposed to wholesalers?

That is a good point once I find a property im really interested in I guess that’ll be the to run the number and decide what works best.Mathew

After many conversations I guess Private insurance normal there.

My guess is that it's a bank owned home and it's just sitting there. 6 years without becoming a REO is a pretty long time so maybe something weird is going on internally with the new owner.