For success, any expenses that will be covered out of your pocket, must be re-couped from the tenant's rent over the year. 

They have three packages and I was leaning toward the Gold one. 

It's really disappointing to see the City of Chicago continually supports the idea of the landlord and investor being the enemy for many pockets of the City.

@Quincy Gordon Jr.Welcome to Bigger Pockets.

As for the utilities and any other expenses, you would likely have to pay those out of pocket. 

I have no problem waiting for the right tenant, but I hope to get this rented by Dec. 1st as I do not want to pay the mortgage out of pocket for a third time (the previous two months I was renovating).

The bank gives me $75,000, I "make up" the $50,000 I initially put into the investment and pocket an additional $25,000.Does this make sense or am I misunderstanding how this works?

Account ClosedWelcome to Bigger Pockets.

Bigger Pockets Family,I recently put in an offer on a deal in the midwest where I have another apartment building and it was accepted. 

Sometimes, the light would go on and we would find a bug. it happened twice, maybe three times until we put two and two together.