It’s located in an excellent spot backing an popular bike path, in a good public school system, and close to popular parks and recreation.I’ve got a few different ideas for the property but I’m really just not sure where to start.

I am seeing huge growth in many of the "farther out but still desirable for young professionals" neighborhoods such as Avondale, Albany Park, West Town and Humboldt Park. 

I preapprove purchasers for a national bank, and I can tell you, however tempting it is to get out of 16% debt- Put more down. 

@Justin Scott I think you are better off establishing square footage estimates than trying to get a GC to give you a cost estimate, then trying to find a buyer, then him getting estimates, yada, yada, yada.Sit down with a GC, or someone else that knows the trade and get ball park sq ft estimates. 

Parking requirements are less at .5 per unit. 

Go to networking events, get on meetup.com, go to Real Estate Investment Association (REIA) meetings, go to chamber of commerce meetings, and even go to national real estate networking events and seminars.

I've been emailing with the city (Brooklyn Park) and I need a rental license in order to be a landlord in the city. 

However, she will sign a new lease with us, have a rent increase, and be required to stop smoking in the garage, clean-up all clutter in the yard, remove an unauthorized and poorly built deck, and adhere to the 2 vehicle parking rule.

There is a great place just as you enter Cedar Park that has great quality stuff and does price matching with all the big box stores. 

https://insiderlouisville.com/lifestyle_culture/hometown-brewing-co-planned-for-pizza-restaurant-on-preston-highway/Shelby Park is experiencing tons of growth.