However, our property is in a DST - Delaware Statutory Trust. 

Quote from @Paul De Luca: Quote from @Paul Brower: Hi all,I'm new to the BRRRR method but knowledgeable having done a fair amount of research for the past year.I'm hoping to find opportunities in Chicago (hopefully the northwest suburbs) and looking for incredible people to connect with! 

@Paul De Luca thanks for the mention@Shawn Adderly, as mentioned by a few other BP members, the first concern from the City's perspectove in terms of creating a 3rd unit within the building is the Zoning Ordinances for what can be permitted in therms of the number of units for your lot.I don't believe any of the Belmont Craigin neighborhood is within any of the ADU Pilor Areas (which would have been the easiest case).

The downside is that many awesome and real gurus are getting washed out because the marketing for online courses is in a race to the bottom.A couple years ago: "Here's a course that can help you buy your first rental property"A year or two later: "Here's a course that can help you become a millionaire FAST"More recently: "HOW TO BUY REAL ESTATE WITH NO SKILLS, NO MONEY, NO EXPERIENCE, AND SOOOO EASY A MONKEY COULD DO IT"De*n Graz*osi is one of the worst for this race. 

There are DST's (Delaware Statutory Trusts) that are fully passive, you can 1031 exchange into them, and the may work nicely with your debt to equity ratio (typically they run at around 50% LTV but it does vary).

This includes Delaware, Nevada, Wyoming and Alaska.

Check out a Delaware Statutory Trust as an alternative. 

Quote from @Paul De Luca: @Mei BaeI think @Jonathan Klemm can give you insight on how to estimate rehab costs along with a short-hand rehab estimator matrix he has. 

I am not licensed in DE, so I can answer this without it sounding like a commercial.

Quote from @Paul De Luca: Quote from @Nkeonye Nkemdi: For me what's holding me back is fear, feeling like I don't know enough to move forward along with over-analyzing everything, not having enough in savings to afford covering expenses and wanting to move fast and take action.