These moves could spur further economic growth in the area, create jobs, and possibly attract more tech investments, all of which could have ripple effects on commercial real estate and local housing markets.For investors, this development could present opportunities in both residential and commercial real estate, especially with the potential influx of new employees and businesses to support these expanding operations.

Doing it this way, you would always be present at the property and be able to keep a pulse on all of your tenants. 

The ones who haven't heard about it seem to not care much or are grateful to be informed of the "changes".We are getting less objections when presenting the exclusive agreement than we were prior to 8/17.

We're close to many parks (large and smaller), the Lake, Chicago River, transportation, restaurants, shops, groceries, Soldier Field, and a variety of hospitals and universities.My MTR (a private bedroom and bathroom in my 2 bed 2 bath apartment rental where I presently live) does extremely well.

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

I have been presented this same opportunity and I just want to make sure I have the right insurance. 

I am confused here @Julie Peak.Not only are you presenting yourself as a real estate agent in-market, but a real estate Broker.

When someone presents to "tap" Private-$ we want to do as little thinking as humanly possible, that's to say the burden is on you the proposed borrower to present a complete, detailed "pitch" outlining the allocation of every cent, contingencies, time-lines, data supporting each action item.

I have already spoken to various lenders, but the minimum loan offered ($100k+) and especially the LTV required make their offers unattainable at present.

Learn how they work now so when the opportunity presents itself, you're ready and know what is available and how to use them 4.