- Lawn care?

Per lease paragraph X, tenant is responsible for basic lawn maintenance. x bushes require replacement due to lack of basic lawn care at a cost of x each for a total of x.

This includes carrying costs during the rehab stage: insurance, property taxes, lawn care, utilities, etc.)2) A new HVAC system?

They left the well working , probably to water the lawn .  

Here's an example of a Duplex I'm looking to close on next week and what I can expect to put aside in expenses and also take in:2bd/1ba & 1bd/ba Duplex - Purchase Price $41,500Income 1 $600, Income 2 $475,  Vacancy -$90, TOTAL INCOME = $985Mortgage $220, Property Taxes $66, Management (6%) $65, Insurance $55, Water $60 TOTAL CORE EXPENSES = $466/moSnow Plow $21 ($250/yr), Lawn Care $0, Turn Over Cleaning $25 ($300/yr), Visits/Phone Calls $60/mo TOTAL MAINTENANCE = $106/moOvens $400 x 2 / 8 yrs = $100/yr, Fridge $500 x 2 / 8 yrs = $125/yr, Dishwashers $0, A/C $0, Washer/Dryer $0, Water Heater $400 x 2 / 10 yrs = $80/yr, Furnace x 2 / 15 yrs = $267/yr, Roof $8,000 x 1  / 20 yrs = $400/yr, Carpet $2 x 600sf / 6 yrs = $200/yr, Yearly Total = $1,172/yr TOTAL REPLACEMENT EXPENSES = $98/moTotal Avg Monthly Income = $985, Total Ave Monthly Expense = $670, Cash Flow = $315,  Down Payment = $8,300, ROI = 45%!

Either way you both avoid taxes - pretty good deal.Buying the property for an artificially low amount to avoid taxes would be considered tax evasion and is illegal.

Is your snow/lawn contractor fair?

Lawn care/snow removal, legal, accounting, advertising, pest management, etc.As I said it still looks like a good deal. 

keywords: 60617 / 60637 / South Chicago / Loop / Bronzeville, Deering, Greater Grand Crossing / Hyde Park / Wood Lawn / Cook County / Chicago

I am co-founder of a startup developing Artificial intelligence based monitoring tech to constantly watch out for any issues either with tenants or maintenance issues.