It’s definitely smart to evaluate the tax and cost implications of your funding options.

While living in a high-cost area can present challenges, it also opens doors to creative strategies, like investing out of state or leveraging partnerships.

This lowered my cost basis per lot by 7k.

Is there any good rules of thumb to estimating the cost of a boiler?

I wondering if I can deduct any of the repair, closing cost and deprecation on taxes. 

.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

However, one nice thing about this community is a one-time cost and it doesn't require additional payments.

However, your lending choice will ultimately determine the best route, as rehab costs may consume a portion of your $50,000 investment budget.