It makes it more risky with vacancies/turnover and if an investor needs/wants to exit quickly.2) Our price points are very low entry so many can easily purchase with all cash.We also choose to not deal with the logistics of when it comes to selling a property via finance.I have always believed that "less is more" and could easily triple our sales volume if we wanted to sell via financing.So at the end of the day it's a decision which in our eyes protects investors long term interests and a business decision to minimize financing hassles on the back end.Much success

Sounds like a logistical, taxation, billing, surveying, etc. disaster waiting to happen. 

It seems like it would be a logistical nightmare for all these cities to monitor these illegal units.

I know what would happen next would be rising inflation because supply chain logistic as major real time inflation number is also increasing, then I decide not to participate on any syndication (as caprate would go againts long term interest) and then I decide to sell one property as market would be peaking within six months.

I'm definitely new and I don't have all the logistics planned out this is just the vision now I'm trying to backwards engineer and figure out my steps I thought my first step would be to househack a 4-Plex on an FHA loan and then graduate to six or 12 units and then move on to bigger properties most likely outside of Chicago to your point. right now I am very confused this is the second time someone has said that four unit is not like a six or 12 but I'm not really sure in what ways is it the underwriting is it the management is it literally every aspect of it.

My partner are thinking to buy it first and THEN bring in the developer, but securing it ourselves first...Just trying to figure out the best logistics of all this...

We've decided that it's just not worth it to dig the basement down due to opportunity cost, the legal hoops we have to jump through, and the logistical headaches you all have pointed out.

I have questions on the logistic with the city.

Since then, I have been an Army Reserve Officer and command a seafaring logistics unit out of the port of Tampa with over 12 years of service.  

My comment on doing it yourself, i.e. buying furniture, is that besides the logistics, every space will have different needs most likely.