-Ability to read and understand most contracts and financial documentsWhat I need:-Money to fund deals likely 400k-1.2 million for first acquisition-Multifamily Experience for the loan and to make raising the money easier (probable possible without, but much better with)-Net worth and Liquidity requirements to qualify for the loan-Experience in turning around a value add in 12-18 months successfully -Experience in Underwriting deals and due diligence-People who are very good at organizing and systematizing-People who excel at operations and administration-People who have a great understanding of construction and contractors (Boots on the ground is a huge plus)All honest feedback is greatly appreciated.Thank you!

First contractor shows up demos half of the property and takes off for the next 3 weeks.

All heating, HVAC, and plumbing systems must be replaced.

They will have a contractors board and will know the best people to recommend. 

As a rule I generally assume expenses to be 50% of the gross income for my first look evaluation no matter what expenses the seller reports (unless its more than 50%, then I will use their number.)From there you can get into more detail on what type of capital expenditure budget the property might need depending on what physical condition and what strategy might be best.As far as due diligence once the property is under contract, or maybe before in some situations you will need a much more exhaustive list.

Talk to a contractor and figure out if any upgrades will be needed to comply with the building code.

He states numerous times about how he saved money fixing something himself rather than going to a contractor to have it done (Duh it's cheaper that way!) 

All the plumbing is still intact in capped off.

I just tell people I am a contractor .

Looking to get in touch with some contractors in the Orland Park (and nearby) areas.