It's also important to plan the timeline for each renovation aspect to understand how it impacts rental rates, cash flow, and property worth.

Make sure to thoroughly research the real estate market in both states, taking into account things like property prices, rental demands, vacancy rates, possible appreciation, and income potential.

Are you thinking your response rate will increase?

There are options at 15% but they come with a much higher rate. 

NONE of them had the phone numbers right, even the best rated sellers.

However we are in a market with higher interest rates and prices haven't really come down.

I was thinking there was a reason as a landlord to do this and make it easier to adjust rates since you are probably going month to month. 

Hi @Norma Guardado, I would reach out to several lenders and compare rates/fees. 

You are probably better will serve to invest in the Chicagoland market particularly on the southside where your cash flow margins and cap Rates are higher much higher.

Whether or not it is worth doing a cost segregation study on it or not depends primarily on your purchase price, the size of each unit and your tax rate.