first off there are very few lenders that actually own mortgages these days its servicing companies that own the vast majority.

My main critique is in the "Majority" of the cases you and others who will take out a Heloc will eventually refinance to consolidate it into one loan/mortgage.

If its something more major, then you came out on the bad side of your bet.

If the deposit is double the rent, you could; but I'd do an inspection now (and after they move out) to ensure there is no major damage.

Main difference is the majority of the east side burbs have a point of sale inspection and the majority out the west side suburbs outside of Lakewood do not. 

I suspect a majority of GC spendable cash was raised in his training programs there is huge money for the top trainers in  the US.. the guys at NUDGE or Zirrix  had a 30 mil jet and mansion in Cabo..

@Rahel KetemaI work in the commercial HVAC world as a salesman for a major manufacturer in the US and I have sold many residential furnace splits and ductless split systems in NJ/NYC, so temp wise similar to Chicago.Everyone has provided some good points and some to ponder.The upfront cost is going to vary based on the heat load of your space and the layout.

I’m not aware of major plans for that specific neighborhood, but it does abut and is near very major planned and ongoing developments (Ybor Harbor, Gasworx, Ybor District, Channeside/Water Street).It will garner more interest as more progress is made on those developments.

I work with new construction duplexes in Indy that are a great fit for investors looking for turnkey options without the headaches of major repairs.Feel free to reach out if you'd like to chat more about how to get started in 2024 or explore some out-of-state options.

While not  a major cost, something to be mindful of.