If you need a strong negotiator to help you navigate this, feel free to reach out I’d be happy to assist!

We're likely in decent shape the next year or so, but in my mind, inflation will be key to watch. higher inflation will mean higher rates- may be good for property values if the overall economy stays strong, but inflation will likely raise interest rates. 

@Emmanuel RugambaChicago is a great market for house hacking because of its affordable 2-4 unit properties, strong tenant demand, and diverse neighborhoods.

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

If you have time to secure this loan through a bank, I would strongly consider it. 

The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

Given that info, I would think it makes most sense to quickly do a delayed financing to recoup most of the initial investment, or if I am wanting to get back some of the renovations and such, I should wait the 6 months and do a DSCR cashout. 

I strongly recommend you suck up that $180 yourself and fix the underlying problem.

@Joel Lebovits Canton is still a good rental market with strong rents.

Then I take notes and move the Meeting forward in my calendar as needed.EXAMPLE:Name: Bob Smith Phone: xxxxxxxxxx Email: xxxx@xxx2022-04-12: rcvd employment application, sent to HR for background check2022-04-10: Initial phone interview, moving forward with questionnaire2022-04-08: Received resumeSo, what do you need besides this to better organize you