Hello everyone, I'm an Illinois newbie in this business, and I'm not sure how to introduce myself; I have a full-time job (mech. designer) that pays my current mortgage, and I'm determined to join your club.

I signed up for Bigger Pockets Pro and calculated my numbers to see if they work out for me going forward or are they just bad deals.I am going to start looking at properties to buy this weekend and was wondering if anyone would like to take a look at a few reports I’ve done.  

I've heard of investors just paying the water bill and then billing back the tenants or just collecting a flat amount for water each month.2) I ask that they email me the application back and I get a copy of the photo ID at lease signing.

For example, if you are cash flowing $400 on a $225,000 purchase, assuming a 25% down payment, the ROI is $4800 / $56,250 = 8.5%, which is realistic.Also, I would consider creating a budget that is longer than 1 year and determine the average ROI. 

To conduct a no-fault eviction (taking properties off the rental market/moving in family), you're required to pay relocation fees determined by the RSO which ranges from about $5k-$21k which is determined on whether the tenant is over 62, disabled, been in the unit for over 10?

Determine the ARV ($141,000)2.  

I ask the management company to reach out for any expense over $500 and whenever there is a vacancy so we can determine a plan of action in regards to what repairs/updates to make and how much to charge in rent.

I actually just signed the lease last week and rented it out.

In my commercial properties, which are smaller with mostly mom& pop type businesses, we generally negotiate tenant improvements as part of signing a lease with a new tenant. 

You need to build a team on the ground who can go to your appointments and sign contracts.