We talked about ARV, and that discussion centered around an ARV of about 60.

The qualifications for non OO purchase thru a lender are more stringent than an OO so I would assume the wait after short sale would be longer.

In NE Ohio it isn't even an option for a rehab because by the time you actually see a reduced bill you will be long gone.

Small retail strip centers have great value currently for the difference between debt and the cap rates.I think in 2 to 3 years you will have caps compress just like MF did in that space.

I estimate in 12 years I've spend about $500 a year to belong to the club and I have paid for my dues for the next 50 years with the sales I've made.

@SunHee ChungStart with your "sphere of influence", those people you interact with on a regular basis, i.e. friends, family, social groups, clubs and organizations you belong to, playgroups, etc.

I have properties in North Center, Albany Park and Portage Park.

Like the rest of the villages it will bring in new town centers and ancillary businesses.

They call the LOCAL NUMBER - because they assume they will connect to the investor immediately, vs. going thru a website or a "call center in India" (what people assume about toll-free #'s).Do we think there is value to the website and toll-free number?

Any remaining gain would be long term capital gains, currently 15%.