Budget.  

Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?

For a project over $35K, you can look at the FHA 203(k) which does not have a renovation budget limit, but up to 110% of the value,  or the HomeStyle Renovation loan for investors/Primary Residences which is a max budget of 50% of the After Repairs Value. 

My budget is under 60k3.

Depends on what your budget is but that could be more cash out of pocket & definitely a higher mortgage rate than you would get if house hacking.

If approved in zoning, would go to Chicago city council this Wed.

They plan for them - in essence they budget for them to the point they are listed in their annual report. 

Payroll was significantly higher, entertainment costs, food, utilities...everything was pretty much under budgeted.

However, I was weak in my negotiation and convinced myself into a bad deal. 3) If your acquiring a distressed property with tenants, overestimate your rehab budget.

first, you need to understand what created the motivation for an owner to sell the house, then create the list according to those metricsAlso, you need to have a plan once you get a list, how are you going to get in contact with them It all depends on your budget.