Plus, you already know the market, which gives you an edge.

I think it's the best market in the whole country in my opinion.

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

Market Demand: Buyers love move-in-ready homes, and flips are often the most attractive properties on the market.

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

In fact, just finished one that I have yet to put on the market. 

There are no laws restricting mark-to-market rents. 

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

It is probably worth your time to connect with BOTH @John Warren and myself since we are both managing brokers, but John is more focused on property management and I am more focused on general contracting, but we are both Chicago investors as well.Oak Park and Lawndale are definitely two different markets.

My company has secured approval to develop 24 contemporary townhomes in my home market—a project of this scale and style is a first for both us and the area.