If there is a bank loan involved then no. 

C class areas can see up to 5 weeks but that can be drastically improved if you play your cards right.

$71,000 in improvements for a $400 rent increase doesn't sound like a good deal to me.

I'm happy to be part of this community and I hope this will be a great learning experience for everyone involved! 

I think you’d all agree it goes without saying that there is some time and work involved.

I'm aware that "re-training" (as @Brandon Turner would say) will be part of the work involved in getting this property churning at full efficiency, however I think I have more important decisions to make (see below). 

This is our first time doing this so it’s learning curve involved for us.

@Arthur Wilson III if you are looking for a mentor I would highly recommend getting involved in/attending any real estate investor associations in your area or any BP meet ups, like you already mentioned.

In IL, we have attorneys involved on every deal.

I work with a great team who is in the top ten for the company and have been involved with RE for over 17 years.