@Charles Rosenbaum - I would love to hear if you've found something that would prove my assumptions wrong! 

The Contractor is wrongly blamed for job over-runs when it is usually the clients fault.

Quote from @Donyea Jenkins: State and market specific to be honest, some areas have a lot more REOs than others.

Just curious how accurate it is since people could potentially rely on it for their investment analysis and could be screwed if they use the wrong numbers.... 

In our case, we are focused on Northern Virginia (specifically Alexandria, VA).

Plus, very important to understand the new layout and how the dig down will effect the existing stairs, plumbing, etc.Happy to connect and talk through your specific situation because @Bruce Woodruff mentioned every project is different and know one price fits all espeically with these complex jobs.Where at in Chicago is your building?

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

If anyone has specific information that would be helpfulThanks!

Have you identified a specific area in Atlanta yet? 

I've been working with M&M Property Pros, specifically Michele and her team, for the past few years.