@Juliann MoralaA GC is suitable for estimating rehab costs, but consider hiring a property manager or investor-friendly realtor for unbiased opinions.Video Walkthrough – Have them record a wide-angle video of the interior and exterior to capture the whole condition.Floor Plan Mapping – Use an app like MagicPlan to create a detailed floor plan with measurements.Major Systems Check – Roof, foundation, HVAC, plumbing, and electrical—any red flags?

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

They're not expensive.

At $2450, it will cover those expenses.

From what I've learned in this business is that you're not only investing into a deal, but into the people of that deal.I believe that real estate is a game of strong connections, not expensive playbooks.

I'm m focused on staying disciplined and maximizing cash flow, so your suggestion on BRRRR and DSCR loans is especially valuable as I plan my long-term strategy.

How do you know how much to deduct for these estimated expenses that you may do yourself or you end up tossing and replacing?  

You likely don't have the net worth, proper LLC management or proper separation of personal interests to make this an effective approach. there numerous BP threads you can search to get more insights. tldr - keep under personal name and get a good umbrella plan. 

It’s exciting to hear about your plans to dive into this field, and Chicago is a fantastic market to explore once you move there.It sounds like you’re on the right track with your interest in House Hacking, Mid-Term Rentals, Short-Term Rentals, and the BRRRR strategy.

We had a plan to build a large real estate portfolio and then sell it in five years and divide the money.