I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

Is this a concern for other users?

I would like to find a reliable wholesaler who has agreeable ARVs and Comps and leaves "meat on the bones", but of course still is able to have their fair cut of the deal. 

Looking for 1% deals will be cutting things close. 

If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

It was a huge investment, but it cut the electricity cost by the full 2K per/mo all summer.

I really wanted to convert the residence to a rental property, but everything I have heard about doing so in Cook County has been very concerning.

What are your concerns?

My biggest concern is the basement.