Get ready to spend some serious time shopping insurance and make sure to get rental income replacement coverage in case of a loss.  

I’ll save you thirty grand on gurus ...Work hard and achieve your dreams Buy low and sell high Buy ugliest house in the best neighborhood Believe in yourself Take action

Shopping for a refinance on an existing farm that is 50%+ paid off and profitable.Licensed cannabis farm is in California.

If you really want to go down that path, I suggest that you apply to work for a syndicator or RE Private Equity shop as an analyst or operator for a year or two, and browse through 100+ deals over that time period, underwriting each one, and trying to figure out, over that time, which ones you were "right" about, and which ones you were "wrong" about, as best you can.

What Chicago neighborhood are you in?

Either they did not do their homework right (appraisal comes in lower than their estimate, insurance/taxes are higher than their estimate, property did not have clear title, and/or the property has deferred maintenance) or they are shopping without having any experience in the industry. 

Much cheaper to maintain and on the electric billand etc.I only build cabins in the woods though so again, the drainage would be the issue if you are more in a neighborhood or something. 

Working with the local police department as the first building was on the problem properties list, and actively working with neighbors and the neighborhood.

Working with the local police department as the first building was on the problem properties list, and actively working with neighbors and the neighborhood.

@Guy KerenMost of the homes in the midwest markets are going to be older usually built in the 1900-1940's or maybe even older depending on the neighborhood.