@Blake Kirby I just finished the first half of a successful 1031 exchange for BP clients from California...the second fourplex closes early next week.

We've had clients over the years who love Bronzeville & Hyde Park and have purchased large buildings with condo quality finishes or updated the buildings & are cash flowing while living in the building.

I can't imagine the stress that must come at the end of the semester, especially the spring semester, when students finish up their studies and move out, in unison.

BTW I'm doing that on one of my properties right now that finished rehab mid Nov.

Hi @Leon Jamison,I can recommend my contractor. my project was $420K, 7months, funded through 203K. we went slightly over schedule (10months),mainly due to a few failed/ repeat inspections, but we were able ton finish under budget.TBH, Im actually doing a second multi family reno project in the heights, New York Ave with the same contractor beginning March 2025.Anyways, you're bound to have issues when working with any contractor.

I fully renovated the upper unit with well-above-average finishes, and it's been averaging ~$2,850/month in gross rental income over the past 12 months as an STR on Airbnb. 

I just finished my first old Victorian style home flip.

Wishing you and your market a strong and successful finish to the year!

When do they start exterior work and how long to finish?

The product is real and solid, but getting to the finish line might be a little tough, especially on anything long term.