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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.

We are now hoping to get in touch with a local accountant who we can trust to ensure we do everything we can to file correctly and get the most out of any tax benefits we may now have.

@Alberto Mazatan TrevinoWell if they’re really large they would have an SEC filing which I believe is public.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 8.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsGood luck investing.

If you want you can send me a DM i'd love to take a look at your file and help you out. 

Since Washington D.C. has stalled a further stimulus bill, layoffs and unemployment filings are continuing apace.The housing market has been strong in many areas, due to earlier stimulus efforts, low interest rates, and flight from densely-populated areas of cities.

It doesn't make sense to file a renter insurance claim as I have a high deductible and it wouldn’t cover the $400 to replace the soft top.

I use Zillow to market my rentals, it links to Trulia and Hot Pads.  

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.