These updates include modernizing the interiors and improving the overall appeal of the building to attract tenants.

It appears they are hoping to attract people that can find deals but don't know how to raise money.

Overall I would say it is a great area to live in, because of jobs, cost of living, laws in place (this one more for the landlords), attractions, colleges, etc.

That should attract a savvy renter that performs well because they want to protect their credit or the large deposit.

Just change your settings and discounts to attract MTR or LTR crowds,  personally, I would be careful Of furnished finders.

Here’s a breakdown to help you navigate your first deal, incorporating advanced strategies, including 1031 exchanges, to attract a broader range of investors.Neighborhood Recommendations: Chicago offers a diverse range of neighborhoods for different investment goals:Wicker Park & West Town: These areas are known for their strong rental demand among young professionals and offer good potential for cash flow.Lake View: Ideal for attracting tenants who want to be close to downtown while enjoying local amenities.The Loop: A prime location for high-income renters, making it an attractive option if you’re planning to house hack and generate a steady stream of rental income.Property Types: Opt for properties that align with your investment goals.

It all seems pretty feasible and attractive, but curious if there are many lenders or investors actively taking advantage of the program.   

Make sure you’re buying in solid cities or neighborhoods that will continue to attract renters.

We will lose out on $100k but get our cash out and the new investor will clear $100k by sitting on a deal for a year (while collecting rents).Does this seem feasible or something that would be attractive to an investor?

This influx is largely driven by young professionals and families attracted to the city's burgeoning tech scene and quality of life.