Looking for my first (real) deal in Chicago or the greater Chicago region in general. I would say I  already completed a deal but it was more of a happy accident, I purchased my condo as a short sale several years ago...

Most investors on this site are residential with a few commercial sprinkled in so when BP develops software to use that is likely the main focus residential first.There are tons of software for commercial analysis to use out there. 

Additionally, if you have major development/reuse/rezoning plans, find a lawyer who works real estate in whatever area you are in and have them connect you with the right people to have the conversations to insure you aren't buying into a battle with the city/township.

Once you develop a relationship with them they can be a great referral source for both sellers (listings that they can't sell and at the end of their contract) and buyers (were under contract and just about to close only to find out that they can't qualify for the loan).Hope that helps @Moises Suazo!

Do you have them all laid out and just need someone to review and identify the holes?

Looking to speak to developers about a NoHo 13 unit project.

I think it would be rare to find a listing that plainly says "value-add opportunity," so I would need to develop my own skills at recognizing these things.

As long as you are consistent an have developed your own metric it really doesn't matter. 

This is a good time to develop a written policy and be prepared for the next one.And there will be a next one!

They see median home prices running $600K or so, and those are influenced by all these cool developers ripping out the old and put up brand new crazy-gorgeous glamorous homes -- literally million dollar homes in some cases.There are several houses in that area, very similar, same everything, that have been fixed up (in their current size and floor plan configuration) and flipped for around $285K or so.