Sometimes this works to your advantage and in other instances it makes these properties obsolete. 

From a real estate/landlord perspective what does this do besides take money out of my pocket?

I look forward to engaging and learning a lot from this community.God Bless! 

Hello Dalton, Is this an appraisal done before the work was completed where you gave them the scope of work and they are giving you the ARV appraisal?

When you do this you end up with two properties leveraged. 

I would look into whether you really need a multi-member LLC at this point. 

Can anyone help with this? 

I am optimistic that things might improve with this change, but I would not pay again just to find out.

Probably TMI there lol, but hope that helps a bit.I am also from NW Chicago suburbs - Elgin, to be specific. 

Most of the prospects offering this to us, disappear when we tell them they still have to go through our full application & screening process. - We almost feel sorry for the foolish/naive DIY landlord that inevitably falls for their sob story and accepts them.We have had 2-3 that have gone through our process and so we accepted their multi-month payment.