To streamline design choices, create a design guide or "mood board" beforehand to stay consistent with finishes that match the neighborhood's expectations.For monitoring progress, a property manager can sometimes oversee construction, but it’s typically better to rely on the GC for updates.

For example, theirs is relatively less maintenance and comps are easier to find.If you're looking to maximize returns, typically SFH and multi family would yield better returns and wouldn't have the risk of HOA fees increasing.

Does anyone have experience with this (even better if in Chicago)?

Is it a better idea to wait longer and build more equity and then pull out more money?

Which is the better route?

I'm almost tempted to turn them over to a debt collection agency because a buck is better than nothing.Cheers.

You will get better answers here.

If there is an opportunity out there that you believe will provide you with better returns than what the stock market then yes buy real estate.

I have thought about Ohio as well but may stay local and we definitely need to put time into our STR's to get them better.

Should I 1031 or is there a better strategy to keep it and borrow against the equity for another rental?