Hey everyone,I'm new to real estate and I’m looking for feedback on a project I’m working on.

@Michelle Hardy recommend you compare projections for:1) Current rent-by-room2) LTR2) MTR4) STRRank them by revenue, expenses and how much time each will require from YOU.Find the balance that works for you!

The cash flow from the properties I am looking @ are low..The buildings are all under performing on what they could potentially get for rent..I see a lot of room for growth and cash flow on these properties, especially with two major projects in the village getting ready to be completed -more jobs and more foot traffic to Main Street are on the way..Carbon copy of Hudson and early 2000’s... Advice, buying a building that wouldn’t maximize for 15 to 24 months ??

Maintaining a financial track record for your project is facilitated by effective budgeting.3.

The roof and our unit's furnace replaced 5 years ago. 

Here’s a breakdown of some of the information you may need to provide for a cost segregation study.For existing buildings:List of equipment on the propertyProperty settlement stateAny appraisals or purchase/lease agreements Property maps or blueprintsSchedules, change orders or documents for future renovation plansSupporting documents for calculating real property book valuePrevious purchase price allocations that separated assets into their appropriate allocation and valuePast site inspections and photographsDocumentation that proves or records deterioration of assetsFor new construction:Contracts or contract paymentsLand and property sizeBlueprints of projectList of equipment involved or purchasedList of projected costs including costs for land developmentApplicable site inspectionsConstruction schedules and payment requestsPhotographs of completed assets or work in progressCost segregation specialists typically have an organized plan for the collection and analysis of the information provided.

End to end, I bought the land, secured permits, got the PPA and IA, SUP, and still own the project.

I understand that not every project will be a success, and I am okay with that.However, when it comes to financial wins, which option do you think offers a better financial outcome?

in other words, if the roof blows off a FedEx building, do they typically get a loan to replace it, or are the investors assessed? 

A lot of those new construction projects in Bronzeville are on a slab and framed, as I mentioned above!