Txs for updating us Bala.

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

We regularly update it.

For example I reach out to my HVAC guy to get updates on pricing for mini splits, etc.

Update for Chicago investors : As of right now the ordinance takes effect 11/9 but any property under contract before then is exempt.

I just gave it a try with a random property I found for sale on Redfin and once the map updated and I clicked on the parcel it brought up a little context window that provided the mailing address (as well as other info).

Let's assume there is no CO obtained immediately after the sale (will do later after repairs are done), and no township or local-level inspections requested.Is the township automatically notified by the county of the sale or is there some mechanism by which they would learn about the sale and update their records, other than by the buyer telling them about it, or applying for a CO? 

We put a bit of work into it, but total cost to update it was less than $5,000.