Now those are forbidden here and code calls for 16D common or those structural hex screws you mention.

As they mention one of the best solutions is to make sure water does not flow toward the foundation it should flow away from it for many reasons structurally but water is not your friend.

It is actually just a tool to create the already mentioned accelerated depreciation.

Finally, you post that your market is super hot for buyers, but then you don't mention what market you are referring to. 

I should have clarified when I mentioned the housing is for individual veterans.

However, as you mentioned, financing through an LLC means commercial loans, and 9% rates are nothing to sneeze at.

Love seeing good things happening in a neighboring city.Curious, you mention converting this to apartments?

As others have mentioned, you may need to have some patience and see where it goes.  

Actually, a friend once mentioned a unit in Eugene that had to be re-leased after a nasty storm tore off part of the roof.. it’s gritty, hands-on stuff like that which rounds out your perspective.At the end of the day, you don’t need a flawless blueprint to get started.

A couple other neighborhoods I like besides the two you mentioned are Washington Park, Hyde Park, Woodlawn, and South Shore.I think that area will continue to be gentrified because you have the lakefront as well as CTA trains.Is there any reason you are targeting Chicago instead ofdoubling down in Kansas City?