Good or bad ? 

I can stand the neg flow by using the additional reserved 25% I didn't put down, but I assume that lenders will not allow too much loans when they see that bad $flow.

Just trying to figure things out remotely though.Could you guys suggest some good/ok-type neighborhoods in Chicago, I am OK with little bit bad but not as bad as Austin seems to be?

if you mean Woodbourne ( Homeland becomes Woodbourne) and Beaumont ave, not a great area.Does not mean, deal is bad, but you will not get students as renters that is for sure, even tough it is very close to two colleges.Some blocks are crazier than the others, depends on which block your on, it might worth it.

I always here of having a negative cash flow is bad.

@Ali Boone , I believe if Prop 10 passes cities would be able to limit what landlords could charge even if a tenant moves out, which would be really bad.

I put all the "bad debt" like our lines of credit and credit cards we use for rehab and down payments in my name and mortgages in his.  

I currently live in a small rural town in Virginia that is 35 miles southwest of Richmond, Virginia and found small land acre with unlivable bad shape trailer next-door neighborhood from my parent's property that i am about to buy land.

I am not saying it is good or bad. 

(do you have the cash to fix the roof if it goes bad?).