Since I don’t own the home until after I close on it, I would need to pay for a rent schedule for appraiser to calculate the average rental being charged for the area in which I'm purchasing.

In brief, the concept was to make lots that are City-owned available via a quit claim deed to residents or community groups within the specific neighborhood on the same block in order to stabilize communities through local investment. https://www.chicago.gov/city/en/depts/dcd/supp_info/large-lo...There were a few other historic land sale programs in addition to large lots.

I need to buy a new shirt as I just spit out my coffee and have coffee stains all over it after reading this post.

This guy will stay on and help me manage, and run the rentals as part of the final sale.

I did not raise the rent last year however we did think about putting the house on the market because there are not many houses on the market for sale and house prices in this area are significantly increased.

After securing the deal, the buyer made my wife and I go through three-feet deep of snow to "winterize" the house so there wouldn't be any plumbing issues.It was a 2 hour drive there, and a 2 hour drive back.So much time and effort put into it for only $4k...

I am willing to offer my services like social media marketing, branding, presentation, organizing events, crunching numbers for free.

Just because you have moved out and plan to turn it into a rental, the repairs may still have different tax consequences if you haven't "placed it in service".

looking the condo price in the city dropped a lot in the past 3-4 years, specially after covid. 

This takes time to work but after decades you will have made a fortune.