Hello, I’m currently looking at purchasing a single family home in Dekalb IL as a rental property.

How long do rental properties typically stay on market before they are occupied with a tenant?

I inherited the property, it's a lil shotgun house and it doesn't have a mortgage.

The property in question is a mixed-use, with a ground floor commercial unit, and one residential unit upstairs. 

Very light repairs needed and turnkey property. 

@Chris SnowI would say this is not a good flip I think your best case scenario is your property appraises for $315,000 which means you're all in should be no more than $220,000 less rehab of $90,000 brings you to a purchase price of 130,000.

The property is yours.

If you need help finding off-market properties, and learning to analyze the cost of repairs I might have a resource you might find useful.

I am currently considering the possibility of investing in properties in strategic locations under $100k and listing them on section.

I'd like to hear from those that have or currently invest out of state/area and have dealt with not being able to walk through each property and dealing with maintenance.