Because of that, our budget a little more flexible -- it doesn't necessarily have to cash flow right out the door (which I know is almost completely unlikely in the current market for this type of area). 

I’m sure there are many cities where it wouldn’t be. 5) if it’s not an outright cash grab as it appears.

Most importantly, it helps you future project anticipated equity, cash flow and net worth based on whatever variables you want to input for things like appreciation, rental increases, loan terms, etc. 

I review and update my listings regularly, use all the features provided, post excellent photos, etc.

Purchase price: $72,000 Cash invested: $40,000 Sale price: $180,100 I found this great little house coated in smoke but solid.

@Elva Rinus check out the local meetups in the OC.OCREIN - Learn How to Flip Homes in Less than One Hour (biggerpockets.com)Cash-Flow Breakfast Club - Orange County CA - REI Mastermind & Networking event (biggerpockets.com)Good Investing...

I cash flow about 7k a month after expenses. 

For sure, it will be much easier plus more understanding on the other side provides an easier place for you to learn.Where exactly is the property at in Chicago?

-curious what your cash position is.

You can offset this with points.When the lenders provides you with an estimate of the loan along with all the charges pay specific attention to:Origination fee - This is whereLoan Points - Sometimes they force you to buy a point and they bring down your rate in returnapplication feeunderwritting feeBasically you want to compare how much you are paying in all of these and what interest rate they are giving you based on this costs.