These figures vetted these numbers on the Bigger Pockets calculator as well and got a similar result, but wanted to share on the forum to get additional feedback on any additional line items/nuances particular to Chicago: Property is a duplex (each 3 bed, 1 bath) in Little Village and listed for $249,900Down payment (FHA Loan @ 3.5%): $8,800Closing Costs: $7,494Monthly Income: $1,200 per unit (so $2,400/month)Monthly Expenses: $2,370 (see below for details on expenses) Assuming 30yr mortgage at 3.8%, mortgage: $1,124/monthProperty taxes (2.1% for state of IL): $440/monthPMI (FHA Loan): $104/monthInsurance: $150/monthCapEx (5% of rents): $120/monthVacancy (5% of rents): $120/monthRepairs (8% of monthly rents): $192/monthMaintenance (5% of monthly rents): $120/monthBased on these numbers my conclusion is that this wouldn't be a good deal since cashflow is barely positive.

I consulted some lawyers and seemed like the foreclosure process isn’t that bad.The property includes 6 individual one bed one bath cabins.

Well Kirbi last year was a good year for us (business wise I was able to retire from my 9-5 in law enforcement)and this year we are looking to double all aspects of the business.

I bought my first property in an HOA community, and the HOA fee ended up more than doubling.

Insurance was more than double what the other places I have in the same area cost (they are traditional homes). 

You have a 12% bracket, and the next one is 22%, nearly double.

That ended in having to extend the purchase contract to double the original timeframe, costing me an extra $5-10k, and required an extra $30k down to close. 

Cash flowed well and I just recently sold it on a 1031 exchange for roughly double the money I had in it.

You are able to double on the amount of rent you get per month by having multiple properties under only one mortgage.

I always like to say why pay double the taxes purchasing 2 single families when you can collect double the rent for slighter higher taxes with 1 property.