Just FYI, you'll be hard pressed to find a basic flip that just needs cosmetic upgrades.

So now I have a very basic simple ad that has been up for 20 hours that has not been flagged. 

This is some basic guides, I hear from my construction network:Avoid one-sided contracts by insisting on clear, fair terms regarding changes, cost overruns, and timelines.

Use a basic promissory note and lien through an attorney, keep funds in a separate account, and plan your refinance exit before you buy.

Some investors want a company that is extremely hands-on with tenant communication and maintenance, while others just want the basics covered and solid reporting.One tip is to ask other local investors which companies they are using and if they would actually hire them again.

Basically, forcing you to spend money to get your money back assuming the seller doesn't agree to the release.

But education starts somewhere, and basic analysis and due diligence will enable the investor to avoid the worst investments.  

Renters here love quick commutes, upscale vibes, and extras like your sim/deck; they’ll pay $1,100-1,300 for that over basic shares.

No obvious structural issues from the listing, but the age suggests surprises are likely.Rehab Budget: • Low estimate = $50K (light updates) • More realistic = $75K (new kitchens/baths, flooring, paint, code updates) • High end = $100K+ if major systems need replacingRents (CMA comps): • 1BRs: ~$1,400–$1,750 each (https://prnt.sc/RMm854WPuPdk) • Stabilized Gross Rent: ~$4,200–$5,250/mo (~$50K–$63K/yr)Cap Rate: ~9% if rehab stays in the $50K–$75K range, falls closer to 7–8% if it pushes past $125KConstraints:FHA 203k requires me to live in one unit for 12 months, so only 2 units would generate rent in Year 1.With 2 units rented, cash flow looks negative (~–$600 to –$900/mo).With all 3 units rented after Year 1, cash flow flips positive (+$600–$800/mo) and grows with rent increases.My Question:For anyone who’s done a 203k or similar triplex rehab — does ~$75K sound realistic for getting this building into clean, rentable condition (floors, paint, kitchens, baths, basic systems)?

I am trying to remember.Nope it was a mortgage investment in Chicago and then they fractionlized the mortgages but did not record assignments of the fractional interest in said mortgages just handed out basic document that said you invest 50k in 123 South Green st Chicago IL.. along with 30 other people.