In short it doesn't matter if you increase how much income a residential home is leased out for that will never improve your property value it's always based on how much homes in that area sell for. commercial real estate on the other hand has a few other ways properties are valued including the income approach.

I live in the western suburbs of Chicago and just beginning my journey on rental properties through the Brrrr approach.

Or they were randomly approached with an offer that was too good to refuse (an unsolicited offer is gold!!)

You'll end up dealing with bush league contractors if you approach things this way IMO.

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

Looking forward to hearing how everyone approaches these challenges and learning from your experiences.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Majority of our landlords don’t want the section 8 approach since it is so time consuming to get approved and get a tenant in however they tend to be the more long lasting tenants and then you never have to chase your money as long as you maintain the property 

Aspen and Vail are not just tourist destinations but have also become refuges for billionaires seeking luxury homes with access to ski slopes, adventure sports, and total exclusivity.

It’s a solid approach, especially if you’re working with a smaller budget.