I would save money up and do a flip yourself.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

If you end up giving them the notice to vacate do not offer the option to sign a lease.

Have care or you might end up without representation.

According to the City of Chicago tax code, it costs $5.25 per $500 of the transfer price.

I grew up in Erie, PA but I am currently an officer in the Army stationed at Fort Stewart which is near Savannah, Georgia.

They will probably reply if they are scrolling and come across your post.

It’s great to see another agent specializing in investment properties here, especially someone with a deep understanding of the Washington market.

I think the other made some good points here. 

Stanley,Welcome to the BP forum and good luck on your REI future.