But, as some others have said, a basement conversion comes with numerous challenges and obstacles (permit issue, zoning & planning approval, significant amount and cost of construction, lack of natural light). 

All asset types are generally attractive for investors, I have numerous friends in the multifamily, RV parks, office, retail, and other investment spaces.

There are numerous articles on this site on how to evaluate a potential passive investment in a syndication.

Proximity to large hospital and potential for numerous small business enterprises.

There is nothing from the sellers perspective that can go good with allowing numerous inspections that are not contracted.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

My business partner and I have done numerous rehabs, conversions, additions of units, etc. to force equity and appreciation in our properties.

But, I've spoken with an STR attorney, and read numerous articles and threads on the city's website, as well as participated in STR-specific Facebook groups over the last year and a hald, and my conclusion is thus: I'm basically terrified of how Chicago treats STRs.

I have used the bigger pockets calculators numerous times and can give more insight into things to budget for. 

Property reno has recieved numerous compliments, just completed first guest stay January 2024 Lessons learned?