While it has the potential for higher returns, it also involves more risk and requires a deeper understanding of property management and renovation.Feel free to reach out if you have any more questions or need further guidance.

This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.

They can be tough to resell as well due to the higher down payment required for example. 

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Regulations are both the best and worst part of investing in CO - best because they are confusing, which gets rid of large Wall Street investors and keeps competition lower and profits higher.

Additionally the suburbs have higher taxes compared to Chicago proper.  

And I opt for the higher deductibles generally unless the price difference is minuscule.

I've been told the higher deductible also effectively killed FHA financing.

However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

•Which unit size would rent faster and have higher demand in this area?