What do you @Keeya WangJones @Dylan Sevcik @Dunn Dela Cruz recommend?

Hi Jackson, Propstream is a probably one of the more popular software I have seen being recommended in the Multifamily space.

They recommended, $5k or $10k down with a 7-8% interest rate with a 5 year balloon.

We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

Thanks for the partner recommendation. 

Hi all,Does anybody have any recommendations for architects who are self-certified and specialize in Chicago residential properties including 2 flats (what we have)?

We do exactly what @Bonnie Low is recommending and it works for us.

This will drive how much you can borrow.Consider More Modest Options FirstWith $200k in investments to deploy, look at starting with 1-2 short-term rental properties first to gain experience before scaling up.Explore markets closer to your mom's current location that may have lower costs but still tourism appeal.This allows you to validate the model and your ability to operate short-term rentals successfully before risking more capital.The short-term rental concept could potentially work, but I would recommend starting with a smaller, very well-researched first step to validate the model before going all-in on a larger endeavor.

I would recommend vetting the inquirer first, but yes, we always provide the address under these circumstances.

If anyone has any experience or can give me a recommendation on what to do now I'd greatly appreciate it.