If it’s the loan amount divided by the projected increase in value it’s about 60% but that’s all just spit balling at this point. 

Like many posts have said before me it was getting over the fear of doing something wrong that got the ball rolling.  

If you are on the ball you will have renters moving in the weekend after you close, correct?

My vehicle displays the ambient outdoor temperature. 

@Justin Ball and @Brad Stegall, I appreciate the replies and I would love to stay in touch and be able to learn more about investing and house hacking in the Peoria market.

You should also ensure fixture stop valves are upgraded to 1/4 turn ball valves so they will function when needed if tenant notes a leak.Here, condo associations have for several years had the capability to enforce "High Risk Component" inspections periodically, primarily to check for leaks or related failing components.

I know in really dropping the ball.

I am just spit balling as there is just frustration with the limited recourse we have as landlords.  

Now the real work begins buying is the easy part successfully repositioning and executing is a different ball game.

worse case on a paid for property you can moth ball it and just pay tax's and dont even have to insure it if you dont want to.. on super low end mid west stuff If I owned a bunch of that again and it was paid for I would only have liability insurance I would not insure for fire..