Portage Park is definitely a prime-time Chicago neighborhood @Delroy Watson! 

So, by waiting until approximately February (time for everything to stabilize and to pull funds out), I can have an extra $110,000 of investable capital.Thoughts?

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.

Here's a list of things to track:- Formal lease application- Formal signed and executed lease specific to your state- Payment history (I recommend using online rent collection like Apartments.com, RentRedi, etc)- Maintenance requests and receipts- Accounting for all rental-related expenses (repairs, utilities, etc) The more you treat it like a business, the more helpful you are to your CPA come tax time. 

They will save you time and money. 

A lot of it might feel like wasted time, but it's just practice until you find a deal that works and you close. 

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

You would arguably be better off buying a CD at a slightly lower yield with almost no risk, time, or stress requirements. 

Take your time and really think through your purpose and perspective before making a move.