For added security, consider umbrella insurance alongside the LLC. 

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

I added $250 ($3,000 / 12) to the additional payment column starting at the 13th payment.

We thought about leaving our TV’s logged into our accounts for the free service as an added perk but wondering if anyone else does this?

I added a bedroom to my two bedroom suite due to high demand last year. 

Improvements are added to the basis and can be later depreciated.Improvements that qualify as QIP, make improvements you make and rent it out.

As the 3rd largest MSA in the country it's hard to generalize the Chicago market as it's actually over 100 different submarkets when counting the 78 communities in Chicago property and then adding in the various suburbs, including in and around Naperville. 

Hey William, what about adding another partner that has experience doing larger deals? 

What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.  

Later you mentioned after prorations you had to come with 6% cash, what other items on the settlement statement added up to 4% lowered your DP to 6%?