Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

I didn’t go with his company to set up my life insurance policy.

Now your husband may be willing to take these on but that is not much of a life for $500 per month. 

Respect their time by giving them the information they need to include or exclude your listing quickly, and then earn their respect by answering all correspondence quickly.Making life easier for the frazzled person trying to do their job is its own reward.

They are packed with experienced and new investors and are the best way to get the confidence in real life to add to books and podcasts and these forums.

Also consider your lifestyle and if you want to be traveling 3 days just to check to see if a water heater is installed correctly and your property manager is looking after your property.

I know, there are plenty of red flags there, but I do believe it is worth the risk when I consider how happy it makes my wife, how life-changing it will be for the family, how minor the financial impact will be on me, and how it gives me the opportunity to practice the steps of real estate investing with forgiving tenants.Finally, I am going to attempt to self manage as nothing comes close to cash-flowing if you include PM costs.

As a moderator can you guide me:1) Is there a syndicate in BP which has gone through all the 4  real estate life cycle (recovery, expansion, hyper-supply, and recession) ?

Your tenant is experiencing life on earth and it shouldn't be a shock that the corners of the world are not all rounded and soft and warm to the touch.