This project really required a team to mastermind which way we were going.... from restoring it to the 20's vibe, making it contemporary loft feel, or basic rehab.After reviewing the project we found that it would be partial restore (like removing drywall from the beautiful bricks inside the apartments), to acid cleaning the HUGH building, and adding a garden park feel in the center of the closed courtyard.The condo conversion (from Apartment status) was our focus for getting upside.What was the outcome?

Hey BP,Contingent on a Chicago area property that’s in need of pretty major lead remediation before the city will allow tenants to occupy a couple of the units.City health inspectors have been through the structure twice and have issued an exhaustive list of items that must be fixed, including suggested methods for remediation.Closing is contingent on these items being handled by a licensed remediation/restoration firm, or at the very least having the work quoted in order to obtain a credit from the seller.So, can anyone recommend a well reviewed/reputable, licensed lead remediation firm in the Chicago area?

During restoration tear-out they damaged some areas of the floor and then it took 3 months to get the first release of cash out of insurance so the roof was just tarped and was leaking all over the floor.

If you do this you will have to use your ONE TIME benefit of restoring your entitlement since you still own the home.

Beautiful restored home in rating 1/2 school neighborhoods.

I flip fire-damaged properties and own a fire damage restoration company.

I had a restoration company give an estimate for thousands of dollars which I may never receive if I have them do the work.   

In terms of funding the rest of the funding needed to purchase the multi, would it be suggested to go to a bank for a loan for the rest? Or

Since you are in BK progress, make a plan to restore your financial situation with small short term attainable goals.

Account ClosedBest way to BRRRR if possible is with cash up front and then refi in 6 months after the seasoning period.The reason for the cash up front is to buy you time to do your rehab and add/restore the value to the property.You can BRRRR with a hard money loan up front but it make your numbers tighter so you need to get the property even cheaper.