Our company does fairly thorough inspections but we still are not as invasive or thorough as an certified home inspection.Lastly, plan for the worst.

So, here's what rentometer says:I find rentometer to be fairly accurate plus or minus a hundred bucks or so.

Thankfully it's not quite like a corporate job, because you can always jump to a different brokerage fairly easily.

When the rehab is done, he says he can resell it at the fair market value of about $79,000 at 10% interest.

Mencarowmade a good point about not buying a place he wouldn't want to live in, and that seems to be a fairly good barometer. 

Most of the duplexes and fourplezes in EP look fairly old. 

Hi Steven,I am very familiar with the codes in Calumet City and know them to be tough but fair if you set the job up right in the first place.

@Chris Clothier  Well Chris I think I am qualified to speak to the 09  refinance model.As I lost about 2 million plus in that time frame and ended up owning over 200 homes from those that could not refi my loans out  LOL.. even in your fair city.

(This is the time when I like to say, "what do you think would be a fair price for this property?")

I'm still fairly new to this market and would love to find a breakeven property with good appreciation potential.Good luck!