The city has seen over a decade of steady appreciation, and while prices are still affordable, there’s a clear upward trajectory in revitalizing neighborhoods.It’s not a market where you can just buy blindly, but for investors who take the time to understand it, there’s a strong mix of cash flow and appreciation potential.

Quote from @Austin Clarence: Hi Aaaron-WIth DSCR lending you can see a massive spread in pricing and fees.

But it does not mean it'll re-assess to the sales price.

@Melissa Odom I recommend connecting with a commercial real estate broker to get a broker price opinion on your current value and after-construction value.

Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.

As I mentioned we have looked but with house prices rising constantly with outbidding making it worse we have had to table the idea until now.

Biggest difference will be in pricing.

I know a lot of Chicago investors are here too; but if you were in my spot would you recommend Chicago as prices are too high and I have never been to the city moving next year.

Price will reflect this. 

Purchase option, reduced purchase option price, conversion of loan to fixed rate.4) Some sort of partnership?