I am from the Chicago area as well.

Electrical as well but needs updating.

Try to track days on market and price trends to see how well an area is selling.There is a housing shortage in general, so every house will eventually be a home.

And they do a fantastic job on the inspection, report, and in-person summary as well. 

Sounds like a cool plan.Welcome to BP!

On top of the the borrower most likely owns it outright or has a small balance left on the loan.

Maybe if you really like these guys and their work...and feel that they honestly got in over their heads, you could throw them an extra $500 just to appear 'nice'.

Given its age, we’re planning for a roof replacement and two new AC units within the next few years, which we estimate will cost around 15 - 20k in total.Our single family rental, built in 2020, is newer, so we don't expect major repairs anytime soon.On average, the duplex runs about $400–500 per month in maintenance and repairs (including significant repairs like AC replacements), whereas the SFR averages under $100 per month.

Its as important in my industry (Logistics) as well.

PMs can do very well over time and leverage the relationships they build in to transactions too.