Additionally, don’t overlook the opportunity cost of pulling money from your 401k—those funds could have been compounding in the market.I’d also suggest stress testing your ROI by running scenarios with higher expenses or lower rents to see how resilient the investment is.

Additionally, creative revenue streams like adding storage or premium amenities can boost NOI.

You can evaluate the additional cost and payback time as if you were paying for heat to get a handle on it but the jump to most efficient is probably not worth it in your situation.

Thank you for the additional info.

These are professionals with additional training and a stricter code of ethics.

Is using a self-direct IRA to fund this venture a way to defer taxes until retirement ?

Since it's trust ownership, there are some additional benefits. 

That way you can renovate it after closing and gain some additional equity.

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have. 

If Anyone has additional information on the Chicago market right now and some insight Id love to talk.