I typically see a turn around play that costs around 15-20k per unit in this market, and with that money we can get a nice product that has pretty much everything done on it from the windows, roof, electrical some plumbing all the way to the kitchens and baths. 

It covers roof, electrical, plumbing, AC/Heat - and you should have some indication that the foundation is problem-free. 

Recommend removing the stump to prevent the entry of wood destroying insects into the house.3) DOORS/WINDOWS: Most of the windows in the sunroom have broken thermal seals, resulting in moisture intrusionbetween the glass panes.5) ELECTRICAL: A) The GE electrical (disconnect) panel is recessed inside the wall a couple inches.

It is typically better to have the heating unit to be electric because tenants tend to make sure to pay the electric bill because they don't want to lose lights, etc...

It was nerve racking going through the first purchase but I see how powerful it is now and am motivated to acquire my next deal.

You are hereby notified that the Los Angeles County Development Authority (LACDA) does not intend to waive any privilege or privacy rights that might ordinarily attach to this communication.The electric data transmitted is for your convenience and is the sole property of Thomas-Grace Construction, Inc.

That'll give you an idea of purchasing power and what you'd need.

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

And…That activity included hosting a local meet-up.It’s incredible that such a high percentage of his investment dollars were coming from that one city and it shows the power of being active in the local community and the power of hosting a regular meet-up.Have you thought about hosting your own meetup?

The panels will pay for themselves in about 10 years at the current cost of power.