Thank you for all your assistance! 

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I live in Naperville, Illinois and looking to invest in Brrrr propertied within a 25 radius to include towns of Bolingbrook, Lombard, Wheaton, Villa Park, Elmhurst, North Aurora, Wheaton, Glen Ellyn, Downers grove, Westmont, Schaumburg & Carol Stream areas.I am in the process of building a team of real estate agents,  licensed rehabbers, real estate attorneys, property sourcing channel providers etc.I look forward to members to assist me on my journey.Thank youSuhael Ahmed

Not sure what the price of this property is, but this is why you should use an attorney/realtor/closing agent to assist. 

If and when they sell, they have to move somewhere (about 72%, the rest rents, goes into assisted living or moves in with family), so inventory-wise wise it's for the most part a wash.The only way you can see the supply/demand situation change is if a market (the US or a metro area) loses a significant percentage of the population (like a pandemic or nuclear incident) or we catch up building 3-5 million homes (surplus of normal), with tales the better part of a decade if we can even find the labor.

**Tenant Considerations:**If the property is currently occupied, you'll need to notify the tenants and possibly provide them with the right of first refusal or relocation assistance, depending on local laws.### Additional Tips:- Conduct a market assessment to ensure this conversion makes financial sense.

My realtor suggested offering up to 3% buyer assist to help buyers who might have a hard time coming up with that 20% down since FHA financing isn't available on this house, so we did that a couple days ago and also dropped the price $2,000 to push the listing more towards the top.

Also there's a down payment assistance program (still trying to understand) which is how you're able to get the project 100% financed and bring very little capital to start.

This should give you the FICO boost you need

But if it boosts the value of the property because we acquired these permits I could see it as worth it.