Both residential and commercial real estate stand to benefit, as workers will need homes, and businesses will cater to their needs.Historically, large industrial projects have led to housing booms.

I just was giving a rule of thumb (framing was what I was bringing into the convo adding sf/adding bed/bath etc. without stating framing).

You’ve got a good list of cities already, but I’d definitely recommend adding Memphis, TN to your list for a few key reasons.First, Memphis is known for its affordable real estate.

We thought about leaving our TV’s logged into our accounts for the free service as an added perk but wondering if anyone else does this?

They took the other ad down when I did.2.

2) Are large investment companies like BlackRock contributing to a potential decline in homeownership?

Improvements are added to the basis and can be later depreciated.Improvements that qualify as QIP, make improvements you make and rent it out.

You don’t have a large enough portfolio of houses for a lender to feel comfortable without a personal guarantee. 

+I've researched something called an FHA Construction loan in terms of financing this project, but it seems that most large banks don't offer that product.

As the 3rd largest MSA in the country it's hard to generalize the Chicago market as it's actually over 100 different submarkets when counting the 78 communities in Chicago property and then adding in the various suburbs, including in and around Naperville.