Since getting into real estate investing I've been told and read about owner financing.

Instead of these I pick option C.I track down previous owner/s and get them to sign a Quit Claim deed.

@Madison Sobol Franklin Park is a fairly low income area and I’m not seeing many owners spending money to improve their properties.

Also, the owner of the property might WANT to do a deal with you but the lender is the one that has the ultimate decision making power. 

Hello BiggerPockets,I have an owner-occupied duplex and am looking for opinions on the following deduction.

Purchase Price: $215,000ARV: $275,000Tax Assessed: $300,000Rehab: $8,000Rental Rate: $2,300Landlord Insurance: $2,500Home Owners Insurance: $5,000Property Taxes: $8,000Year Built: 2018

Previous owners were hoarders/not very clean but I haven’t seen any pest activity since the home had been emptied out a few weeks ago. 

When a property owner first contacts us and their initial question is "how much do you charge?"

Whether you're a wholesaler looking to flip a profit,  short term rental owner, value investor or purchasing a legacy property for your family, nobody wants to overpay or invest and rarely is worthwhile attention provided to rough deals or tales of caution.Anyone investing in real estate long enough, has cliche's: It's not as easy as it looks would be a common theme, another might be, expect the unexpected?

The awesome tenant you find for the house is paying for the PM, the maintenance reserve, the CAPEX reserve and the vacancy reserve and you will then send your brother what's left of the rent as the owner distribution.