Should I try to make the deck on the second floor a common space or as part of a large bedroom?

They can help you navigate the market and avoid common pitfalls.If you’re serious about taking the plunge, start analyzing properties in both Boston and Chicago markets to understand local trends.

FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.

This is a straightforward and common approach.However, make sure to document the change in the lease renewal or addendum, specifying the new security deposit amount.

In the OFF-chance (not as common), you're looking to get into a DSCR loan...there are ways to get no origination or processing fee by originating your own loan (yes this is possible and you can do it in 39 states without a license).

Here's some online software options that you commonly see recommended on BiggerPockets.

Avoid common pitfalls like skipping due diligence, underestimating repairs, and overleveraging having reserves and a strong team is key.Good luck!

@Brian Dolbeare This is a "it depends" question for sure, but in most cases street parking is pretty common here.

if you believe this is a common outcome I have a bridge to sell you.  

I call it that because most commonly the listing agents call me and says "you mother f...." to me in response, lol.