Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

I'm looking at a purchase price of under $175K.

Are you wanting to purchase in the same area of Chicago?

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

I wonder if building condos that are more affordable for people to purchase could be good.

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

(Sale price - selling costs) -(purchase price+ purchase costs)- renovations = taxable gain. 

I do not worry much about "hurried or sloppy work" because it is also in my contract that all work must pass inspection, which may include the city / county (for permitted projects), lender and myself.

Seasoning for ownership typically starts on the purchase date.