The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

. - My wife and I have very good jobs and I have no doubt we will always pay our dues to the seller, even if the property doesn't rent for 3 years- The seller (an LLC) has done multiple Contract for Deeds and has their process down.

Many might say that I should’ve put all those savings towards other investments, but I understand real-estate, enjoy the entrepreneurial process, and believe in the potential for long term wealth building.

.  :-)Hope that helps.Mike What is your process for finding and establishing relationship with good local cleaner and handyman?

My investor plans to turn this into a nice 4 bed home with the goal of selling between 250-275k What made you interested in investing in this type of deal?

It's been 10+ years since I've gone through the City of Chicago permit review process, and I'm told things have changed.In particular, I'm told that I need not only an architect that has Chicago experience, but also a specific sustainability certification, otherwise I run the risk of having a very long review process.Thanks in advance for your help!

We are familiar with the process.

The location defines all long-term income characteristics, including whether your rents keep pace with inflation, the total capital required to acquire sufficient properties to maintain your standard of living, and how long your income will last.There is a straightforward location selection process.

I get the sense you already know this though.As far as the mortgage goes, that has been a simple process in my area.  1.

(Sorry if this offends people)People try all this fancy stuff for anonymity and then sign a mortgage with the LLC and guess who signs it - you….Let’s spend all this $ to hide myself and you don’t realize the process or that your info is public