You will still need as they told you, apparently 2 exits from the attic and they have to be a certain number of feet apart whatever that is for that place, but you already know that I'm sure if it's a city inspector.Yes be prepared for the inspections, especially after the next big buy, most of the inspectors I have dealt with or nearly all of them at least decent and some are even nice, but just keep that in mind about not like you have to kiss the ring or anything like that, but just being from somewhere else, but especially Chicago you never know what someone somewhere in that huge department might very well have a chip on his shoulder about landlords!

If I was doing CF deals with accredited investors I would start in the blue chip areas first.

In fact, in a lot of ways, it isn't specifically the fact that I was involved in real estate investing that was so alarming to him, the whole idea of investing outside of traditional blue chip stocks and mutual funds was completely foreign as well, and had I said that I was day trading Forex (I'm not, but know people who are successful doing so), had he the slightest clue of what I was talking about, he probably would respond in a similar manner as to what he did with my rental property business.And had I been interested in starting a sandwich shop for example, certainly that also would have caused a certain amount of discouragement from.  

Historic areas like Memorial, Tanglewilde, River Oaks, Heights ect...are still strong.

Chip.

Sincerely, Chip Fernandez The Feol-Hinricher Companies

Any Dallas investors involved in this neighborhood? Heading out to check out a few properties. Opinions on long-term potential for both rentals/rehabs?

If you plan to live there and chip away at it over several years, you'll be building equity with repairs and appreciation while learning a ton.

Have a comment you can call me and then post.Best,Chip 

He wants green walls and in the process gets it all over you brand new oak trim, but hey- you told him he could paint.