It sounds like that wasn't a problem for you.May I ask if you were relying heavily on the rents to qualify?

Jeff Burdick chicago is getting heavily gentrified lol.....they are having more and more people in the city move to the burbs or to Indiana.

@Michael Kirstein That might be tough...We charge the one month's rent; but it gets posted on the MLS, and marketed heavily, and 1/2 of that one month's rent, we generally pay to some out side agent that brings you a tenant.

@Omar Merced @jeffkeller i will be becoming an agent full time as my sole job but will be focusing heavily on investments. i started wholesaling marketing in january no deals but got call backs, im looking to purchase an mfu this year and save up enough for a down payment with an HML for a flip early next year. i meant to say im looking to finish the year off with the same amount i made last. this year ive made 15k so far so i only need 35k to go. based off my basic math and average home price of 220k and 50/50 split im assuming i need to sell 8 to 12 homes by years end to make that difference. my previous work experience of being self managed and confidence leads me to believe this is easily possible especially with better flips.

With real estate investments, the return you get will depend heavily on what you know and how you use your knowledge.

But it so heavily depends on the finishes and material supply it would be hard to ballpark.

As Joel Owens wisely pointed out, your plan heavily depends on a PM.

I used to invest there quite heavily in 2004.

I do weight payments of rents and maintenance of the dwelling quite heavily.

Where I live now, in central TX, many lower priced homes have just window units, especially if they're on heavily treed lots, or close to one of the lakes.