I'm a real estate agent in Naperville, and service mainly the western suburbs.

Many people even pay themselves rent and apply it to principal reduction or savings.The main advantage of owner occupancy is much more favorable loan terms as Logan A. pointed out.

Obviously, it takes more money and time since purchasing to sale, but i guess it may be more profitable.My question is:I read the main rule on rehab market is 70% rule, but i assume on improvement and re-building segment there are another rules, because we can get price above average market price.

One of the main things is underestimating the time the deal will take and deals that take over 6 months can cost more points as well as more interest.  

A simple scenario ex is:  Subject Property = 123 Main St.

Where in the house is the main shutoff access?

My main reason is to save on the 10% management fee.

I have 2 main paths I am evaluating:1/ Buying into a company that does property pool.

The main lesson was that while my husband is fully capable of all remodeling, it is more efficient to hire out so that it can be rent ready more quickly. 

Sold fully furnished, air conditioned, living room, lounge, separate dining, 3 large bedroom, 2 full bath, balconies, solarium on roof top and satellite TV dish.