Solar will be a massive pain in the *** if you are doing this in the SE belt.

Lastly, if you represent yourself, be prepared to block out several days for court appearances, no matter if the tenant shows up or not. 

So I’ve since blocked off the third floor on one side and rented it as a 1 BR for now. but when the other side leaves eventually I’m starting to lean towards raising the ground grade 28” so that the total drop is less than 20’and then I’ll knock down some walls and make the whole 3rd floor attached only to that last unit so that the whole area can use the stairs and that window as second egress. 

Haha Hey @Jacob Pereira Sorry to get your hopes up - I spoke without thinking in my excitement to talk about 1031s and skipped over a crucial stumbling block for your dream strategy ;) Allow me to clarify:So, if you live in one side of the duplex for two years within the five years prior to the sale, then it is considered residence use.

Purchase price: $88,000 Cash invested: $44,811 Sale price: $190,000 1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.

PM drops me because the property is a pain. 

Those are two major pain points for LBP hazards.

The facility was built in the 1980's, cinder block construction, and needs complete rehab... 

Making sure the property "flows" outside is a key component I have personally found - assuring nobody is stepping on toes, encroaching on each other's outside space, or blocking cars in, etc. 

The annual nature of tax benefits.One of the fundamental building blocks of our tax system is its annual focus.