Investment Info:

Single-family residence other investment in Cleves.

Purchase price: $73,500

Cash invested: $8,000

Sale price: $99,000

Purchased single family residence in early 2018. Originally...

@Suduk N I would wait to find a more suitable tenant and/or lower the rental price.I recently had a turnover on the Southside of Chicago and after listing it on Zillow and rentlinx had over 75 inquiries within 3 days of posting.8 prospects came to view it and I eventually found a qualified candidate.The cost to wait for a qualified tenant is always less than the cost to evict an unqualified tenant.

Every landlord eventually has their toilet story . . . that was mine.

legal 2 family house but it has converted to a 3 family with separate utilities, egresses, smoke detectors, etc.

It is common in California to convert garage to living space.

While looking up YouTube videos on house renovations I eventually ran into BP.

I'll be living in the owner-occupied unit that's in excellent shape, and I inherited some great tenants who have been there long term, pay fair rents, and are completely content in their unit that will eventually need some updating whenever they do move out.

Eventually we'll get out there. 

Come springtime, we'll convert the property from a triplex with a DCR of 1.46 to a quad with a DCR of 1.83.

Eventually a bathroom, laundry room, and mudroom were added (all downstairs; addition is vinyl-sided exterior).- Full reno needed- New septic needed- Replacing electrical- Replacing plumbing.