But even at 3-5% market appreciation - which is more the long term norm, that is $3,000-5,000 a year increase in value.  

This is for a long term hold for at least the next 10 years.

The potential consequence of this misuse is a grease fire that could potentially burn my unit or the entire building down.I have reported this issue to the city multiple times, contacted my condo association, and sent emails to my alderman, but all my efforts have led to nothing.

Any other local industries with short term employment?

Without a contract and right to assign you have zero claims to assignment fee, no matter how much time, effort and money you spent into finding the coveted deal.

q=how+much+income+for+rent&...This is such a basic question and if you can't put the effort into researching the answer - you're highly unlikely to succeed as an investor.

Hey Emily, I think it is worth it if it is expected to cash flow some in the long term.

I am committed to managing the project diligently, ensuring that every aspect of the rehabilitation process is executed with precision and efficiency.I am open to discussing various investment structures and terms that would be mutually beneficial. 

We track these metrics and cover them in our weekly property management meetings in an effort have the lowest amount of vacancies AND to reduce the amount of time the units are vacant.

I can tell you a short-term rental that is 5/2 and in the right area, would do amazing there!