Exterior didn’t need much – sharp new accent color for exterior doors, and other aesthetic enhancements, plus some upgrades on roof flashing and weatherproofing.We discovered that the ground level water intrusion was because a huge crack in a sloping sidewalk next to the building was funneling all the stormwater right over the sill, into the onsite-manager’s unit.

(Sloped and Tiled roofs and stucco siding.).

The roof was redone in the last five years The ex (20% ownership) is willing to go with whatever is negotiated. 

I am in a pickle and wondering if any of my Chicago peeps have been in this situation and how they got out of it.My clients bought a 2 flat with a coach house in 2018 and were issued a 3 DU cert. 

YoY is up 3.5%.Rentals - Availability by MonthThe number of homes for rent remained flat MoM.Rentals - Median Time to RentMedian time to rent continued to increase MoM but still at a very reasonable 22 days.

Sometimes the HOA can cover capital expenses like roof and exterior, so that can help cash flow as well, but the HOA might increase the dues when they have to pay for capital items.

HVAC, Plumbing, Sewer, Roof leaks, etc. 

I love to purchase simple 3/2 homes that are a little older in good areas with somewhat newer mechanicals, HVAC, Roofs, etc. 

Without my job I couldn't have done this because sometimes they might need a new roof or other work.

Plus, with your tenant experience, scaling up with more units under one roof makes sense!