My goals are to start with some fix and flip rehabs, possibly wholesales and leverage my way into multifamily and eventually commercial buy & hold properties.

Read business books, REI books, economics, investing, personal growth/goals/motivation topics.Start tracking your net worth with an app, personal finance software or a spreadsheet. 

Assuming the market rate for these units is $700, and the area's vacancy rate is low, having a goal to get all units to or very near market rates is the way to go.  

My goal is to be all in at 70% - 75% of ARV.

Long term goal is single family buy & hold, and ultimately small multi-family buy & hold all in the NW suburbs (Woodstock, Crystal Lake, Algonquin, Huntley, etc), and to replace my FT income in the next 2 years.

Given the price/rent ratio, I agree w the above that this is not a good place for REI, you'd likely want to sell to families who wanted to live in a good house in a nice area.One other suggestion for how you pitch this place: Billing it as "Near Rice" may do more to hurt than help your goal of selling it.

I came to USA in 2014 with just $400 and joined a 2 year Master's in Computer Science Program in NJIT,i completed this in just 10 months.While doing masters i started reading books related to financial freedom.My first book Rich Dad Poor Dad as most of the people's beginners guide.i moved to florida in 09/29/ 2016 and i closed my first property in 09/29/ 2017 which leads to financial security which means total expenses=total passive income.I am closing second one 5/7/2018 which will bring in extra 800 in passive income.About Properties: First is Condominium for 120000 , 3 bd 2 bath, i do AirBnB in one room, stay in one and rent the other to my friend.This will bring in 400-750 in passive income.Second one is near Downtown Orlando for 230000, which is worth 265000 as per appraisal. i will be renting the rooms as this property is having 3 Bd 2 Ba and 1 Studio Apartment which will bring me from 600-1000 in passive.My Goal is to reach 10000 in passive income, Please guide me how to reach this destination as many of you reached.i am improving myself and these are the action list1) Reading books related to Real Estate (One house at a time, Buy houses with No Money Down by Brandon Turner, Millionaire Next Door.2) This Discussion to reach as many amazing people and achievers as possible.My Questions1) How to buy next homes ?

I came to USA in 2014 with just $400 and joined a 2 year Master's in Computer Science Program in NJIT,i completed this in just 10 months.While doing masters i started reading books related to financial freedom.My first book Rich Dad Poor Dad as most of the people's beginners guide.i moved to florida in 09/29/ 2016 and i closed my first property in 09/29/ 2017 which leads to financial security which means total expenses=total passive income.I am closing second one 5/7/2018 which will bring in extra 800 in passive income.About Properties: First is Condominium for 120000 , 3 bd 2 bath, i do AirBnB in one room, stay in one and rent the other to my friend.This will bring in 400-750 in passive income.Second one is near Downtown Orlando for 230000, which is worth 265000 as per appraisal. i will be renting the rooms as this property is having 3 Bd 2 Ba and 1 Studio Apartment which will bring me from 600-1000 in passive.My Goal is to reach 10000 in passive income, Please guide me how to reach this destination as many of you reached.i am improving myself and these are the action list1) Reading books related to Real Estate (One house at a time, Buy houses with No Money Down by Brandon Turner, Millionaire Next Door.2) This Discussion to reach as many amazing people and achievers as possible.My Questions1) How to buy next homes ?

@Ian Jackson I use the cashflow from other paid for rentals I have to pay for repairs.Paying off my rentals is my goal, especially now that everything is so expensive. 

My goal is to get to enough monthly cash flow where I can quit my W2 and continue to invest, while spending more time with my family and friends.