I have heard several times before when a general contractor that is supposed to handle the remodel has no skin in the game and stops showing up.

My end game is to keep this for 15 years and sell or refinance it for my son college education. 

Unless the renovation time is unusually long.However, my game plan is to renovate and push up rent for all classic units.

It's not my end game.

Bottom line call I'll try give u some tips point you to the proper game plan GMP...

Hello I am looking to get into the real estate game for the first time.

However, they have figured out the 'game' that they can buy off many problems rather cheaply, they tested you and you took the bait.This is the same disgusting screw the next guy mentality like 'cash for keys' promoted by low snake in the grass 'investors'. 

We're all a bunch of hustlers, and anybody who does even reasonable well in this game is pretty much born to the hustle and that's that.

However, if you are playing the long game then minimal cashflow now is fine as long as the property is appreciating.

If you plan on getting into these markets, I wouldn't expect much cashflow at all but if you are able to weather that in the mid-long term game, I just don't see A class neighborhoods in Chicago going anywhere but up (both value and rent price).These downtown neighborhoods are my bread and butter and I would love to connect with you to talk further about what your plans are and what types of properties you'll be looking for.