I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.

Just keep in mind the process can take a little longer since you’d need to work with contractors and follow FHA’s requirements.4.Your End Game: Whether you’re planning to stay long-term, rent it out, or sell once the work is done, it’s important to have your exit strategy mapped out.

I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.

Almost every realtor has several investors ready to invest at least $2 million in cash.If you’re planning to use hard money loans, agents won’t show properties without prior proof of funds.I’m curious, is this a general market trend in Ohio or just this particular realtor’s approach?

Since you only have 2 full time and two part time staff, who covers their vacations and sick time?   

I plan to put down $50,000 and expect to net about $300 a month from it.Does anyone have other options or advice that I should consider?

I’m 17 and plan on getting my real estate license right after I graduate high school.

Read books, network, research markets, and plan your strategy.

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.