After closing the golf course in 2018, the parcel was sold to a developer named Westside Investment Partners (WIP) in 2019 who intended to remove the conservation easement and develop this parcel in a highly sought after neighborhood of Denver4.

Additionally, they should be helping with taking video walkthroughs of the location and the property, estimating renovations/scope of work, helping you learn neighborhoods, building your real estate team, etc.

Curious...have you already identified a specific neighborhood in Findlay where you see the most potential, or are you still exploring the entire city?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

At our wealth management firm we have CPA's on staff, we provide overall wealth management services for high net-worth clients.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

A SFH in a neighborhood with HOA or owner occupant neighborhoods your rental property can stand out in a negative way because tenants don't waste their money watering the yard. 5.  

Now this property is in a class C neighborhood with a calculated 11% cap rate estimated.

What neighborhood of Chicago and how large are the buildings?

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.