Probably could either lease or flip with little concern and decent return.

Lets us prove to you that we are for real, that we want your participation, and in return, we will pay you for business you refer, AND we will refer business to you.

I will still get a great return if it cost $20K to rehab the joint.Thanks for the welcome.Chris

If the $1600 is covered with adequate return on the down stroke and the condo is ready to go (move-in condition) and the neighborhood bodes well for appreciation what is the concern?

It will give back great returns if you treat it right.

If you finished in 3, they'd return 2.

But whatever you do, remember, Return on Investment (ROI).

If the lease is for 10 years and you are ok with the return over that period and ok with the potential building appreciation etc. it might be good for you. .

If you are considering moving from Chi-town, I would move to where I could obtain the highest return on my investment.

The syndicator will give you a preferred rate of return and then anything above that rate they will start to take a portion of the additional percent (which is how they make most of there money).