The $30,000 will just about cover the entire mini-split installation and at the end of it the well have fully separated heating that the residents can now pay for.

Do you mention there is a separate lease agreement in the property description?

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

The three in personal name have increased substantially in equity, I was going to tap the equity and reappraise etc looking at 4-500k of additional equity, these currently have separate notes in the 1st position of 3.35 30yr fixed.

I'm considering turning it into a separate apartment and would really appreciate any suggestions or advice on how to make that happen.Lastly, I have been researching HELOCs for possible use as a downpayment for a separate multi-family home.

I hope you're able to rent it out as 2 separate units after the construction, get that cashflow!!

Doing it that way would only be a tad bit cheaper than a separate tank for each home.  

To clarify this, you may need to conduct a thorough physical inspection or hire a professional appraiser or contractor to measure both levels separately.

@James Brown I think it's hard to run a calculation for a rehab and a BRRR together as they are really two separate stages.

I bought a condo yesterday and the HOA did not disclose that the (beyond the studs) insurance was a separate cost from the HOA.