Our investor rates are going to be 8% pref, 60/40 split in LP investors' favor.

Either they teach you or you teach them its really that simple.Now on a legal standpoint if you allow one tenant and not others to do this as you buy more properties it can be construed as discrimination because one is hispanic and the other is African American.. now even though you were doing a favor you are wrapped up in legal battle justifying you process.

A good agent understands leverage and you want that working in your favor. 

When would you say would be the best time to start that, right after the house inspection comes back favorably? 

Do yourself a favor, take anyone's vacant data unless its directly from the city or the county.

I plan to research both options, but I was wondering what your initial reaction might be to this question.As I understand it, SBa loans would require 10% down payment and are generally favorable loans. 

With chicago having laws that favor the tenants already you lose even more leverage with tenants when you bring the illegal unit piece into. 

I was told that, I should prepare a letter in support of my project and send it to the city office and also speak about it during the public hearing.This is something new for me and I am looking to get some pointers as to what should I highlight in my letter and speech in favor of my project. 

Most of our coastal states are increasing regulations and creating laws that favor tenants, even when the tenant is clearly violating the terms of their lease on purpose.

I favoring taking out more HELOC than cashout the refi.