Second, you don't want to operate at a net loss, it's money out of your pocket every month and essentially negates your equity gains over time.

You will essentially be buying deals from yourself and you can still assign a contract from one company you own to another. 

I think a property manager is essential.

It is essentially the last town before the pass.Regarding what @Lisa Marie said, there are is a ton of good info in there but for your needs, you need to increase the cost to clean.

It's essential to present your own lease agreement.

It’s an interesting trend that benefits both the investors and the local population, as it helps balance the overpopulation of cities while preserving rural heritage.Another point you mentioned, about “not being for or against investing in Europe, but that it simply adds more elements to manage,” is very insightful.

You're essentially doing the same type of strategy except you're not putting your precious primary home at risk.

Chicago’s unpredictable weather can sometimes affect project schedules, so it’s essential to set estimated start and completion dates.

That said, the right team on your side can make the permitting process and inspections far less painful.I’m curious... as you refine your plans, how do you see yourself balancing the home’s original character with these modern upgrades, and which element of the design do you think will win over the pickiest buyers? 

In everyday use, it could just mean “exposed to the elements” like an unsheltered bus stop.