It will be better than ever and will rent for more and be more attractive.3.

But if it's in a nice area and it's fixed up nicer, you should be able to get better folks and for a little more money.In general, not your situation specific, I'm huge on buying whatever will attract the best tenants.

You attracted another good group of active, experienced investors.

It's amazing how I am able to attract these money investors without really advertising at all.

(You can see fellow BP Member @Jacob Michaels with the baby on his lap ^^)John gave a presentation on investment strategies: "Hedgehog vs Fox" as well as a workshop on Goal Setting.As part of our strategy to provide value to our members, we send out detailed notes from each meeting, including member profiles to help everyone keep track of who's doing what and who's interested in what: (example below)And we're hoping to build our Facebook page (which has grown to almost 100 LIKES) in order to build more credibility for the group and attract more people we can network with and share resources with. 

lots of comps available clearly demonstrating attractive and high ARV.  

Allot of landlords in Chicago offer paying for heating to attract tenants but if you stick to the areas where you get tenants who have good paying jobs they can afford to pay their own utilities.

As @Karen Margrave pointed out, it's really just connecting enough attractions and potential conveniences any vacation renter would want.

It seems like this price generates an attractive rate of return, but I have some concerns about the long-term outlook and liquidity of the investment.Some of my concerns:Quality of tenants - this town is generally lower income, and the building is in a lower income area of the town (low of the low).  

Yes, 60%+ returns are attractive but investors need to do their homework on the area before the buy.