You might expect to drop $2000, 6 months and have to offer decent argument that a duplex rezone is consistent with the neighborhood plan or that there's a new community need to increase the density.  6,050 indicates it's a legal, non-conforming (undersized) lot - it still meets the minimum lot area for TU but do you have 50' of frontage?

My LTV at purchase was 70.5% Last year: GSI =68400, Expenses = 18900, net op expense = 27.6% including mortgage.CapEx reserves are non-recurring so, IMO once established they are no longer deducted from the GSI.

Hi all,Went to an investor's meeting in my town and the organizer invests in performing and non-performing notes.

Chicago BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago. 

BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.

However, I would never, ever put the money into non-principal protected investments like ETF's or index funds. https://www.biggerpockets.com/blogs/7595/47603-you-re-probably-making-this-one-big-financial-mistakeIndexed Universal Life offers market-linked returns with principal protection.

All the info I have gotten is second hand from the wife/non-owner.

earthquakes are a non issue here really as far as major property damage.  

They are told the $100 is non refundable if they change their mind before the lease signing.

Hi Megan, for seller financing I would offer the seller some type of interest that is better than what banks are offering and perhaps a little less than typical hard money financing, say 8%.That way if the seller isn't in a big rush to get all his money up front this is an opportunity for seller to make a bit more money.I would also propose a non-refundable (ie hard) deposit to give the seller some confidence in your ability to manage the deal and see it through.I hope that helps!