My model is NOT good for LTR as it's not cost effective. 

Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

Streamlining Renovations for Efficiency & Cost ControlManaging multiple renovation projects at once demands an operational efficiency that can be tough to achieve.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

Evaluate Property ConditionOlder Chicago buildings often have charm—but may come with hidden costs.

Trying to get a # from him about estimated remaining cost but got nothing.   

Ultimately, it’s essential to consult with your lender to understand what’s best for your long-term goals and costs involved.

The cleaning costs alone were over $9k.

My budget for the first property is $50k ~ $100k total cost (including rehab).

So, if a tenant broke a window and it cost $300 to replace, you can simply add that bill in apartments.com and that way its all tracked where everyone can see it and track it.