Quote from @Brie Schmidt: Chicago just implemented the largest assault on property owner rights you have ever seen, if it’s not stopped, it could be implemented throughout Cook County and beyond.The ordinance does two things: creates an opportunity for tenants to purchase their building when it is up for sale (a right of first refusal) in some Northwest side neighborhoods, and increases demolition surcharges by 400% Here’s how the ordinance creates up to nine (9) months of delay in selling a building.

@Henry Clark thanks for sharing this detail, really interesting to see the operations and "stabilizing" side of things. 

To be considered an investor (and possibly get long-term capital gains rates), you’d need to hold the property for over a year as a rental or investment, not actively flip it.Check out the IRS guide on rental real estate and capital gains for more details: IRS Rental Property Tax Guide.You might want to talk to a CPA who specializes in real estate to see if there are any strategies that work for your situation.Good luck on your flip!

As a result, I actually created my own frankenstein of an automation pipeline combining public notices, county data and skip tracing so I can get the leads directly from the source and act on them as soon as they are available. 

Adding to Trevor's step 5 -  create a detailed SOW. 

Your best bet would be creating it yourself in excel.

With a cost segregation study your building value will be broken out into many detailed components which will have lives of 5,7,15 and 27.5/39 year  lives instead.

A detailed before-and-after P&L comparison would be useful here to show accuracy and weaknesses.I have a relatively sophisticated rehab spreadsheet I’ve been enhancing for years, and I know it’s reasonably accurate.

Here's one nearby with more pictures: https://www.realtor.com/realestateandhomes-detail/1440-Woodl...? 

If you want me to go into further detail, I'd be glad to do so either on here, via PM, or even just call me.