And sometimes, we are not materially improving what you could have done  yourself. 

Seller retains full ownership. 

The changes that have occurred in the past year is making sure the comps are truly there, getting the material costs down (or accurate) number with changes all the time on costs. 3.

3) Special Assessments - Back in 2010 and 2012 there were some material special assessments totaling ~$10,000.

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Is it better to pay cash or leverage my liquidity to maximize ROI while retaining flexibility?

The Agreement should have a clause that buyer can cancel without penalty and with full refund of the security deposit if the signed letters are not returned to it by a certain deadline, or if subsequent tenant notifications materially change the economics of the deal.

I have a lot of extra materials from the first renovation.

I would rather do this and retain my money then give it to the bank as interest.