I work and live in Chicago in a rapidly gentrifying neighborhood and my biggest concern is that so many people who live here, are not in a position or perceive they are not to take advantage of the changes. 

County Lis pendens listing addresses as lots....

Additionally your tenants should be reporting the dogs for barking.I would not hesitate to report the situation to authorities, dogs are a serious concern.

As far as the FHA 203(k) loan is concerned it's a decent loan but the conventional renovation loan will beat it out by a mile. 

The problem I’m seeing is that there are a lot of single family homes on the market that could be good prospective deals but since there is a surplus I’m concerned about vacancy.

My concern is that the report that the government did was over-the-top; all of the lead-painted surfaces in the house have been covered with latex paint and are not chipping, but the report still makes an issue of them.

My only real concern is having a good rental pool based on the low population.

But... if you are concerned about her ‘well being’ and she has to sell, wouldn’t you rather she sold to you instead of someone else?

Have rents mailed to a PO box in a different zip code if possible, never to your address. 

So that's up to 30k at 5.7% anytime I want it.Here's my question or concern.