I get that Redfin does not use the traditional methods.

We had to make repairs due to significant dry rot damage around the windows, replaced half the siding (we were able to match existing), and then we also upgraded the electrical and plumbing.

I am looking to have some plumbing work done on a 6 flat in Pilsen ( the drainage in the crawl isn’t functioning properly).

Since this is a bigger project than we have done before we plan on hiring a contractor to do the major work; demo, framing, electrical, plumbing, and sheet rock.

Since this is a bigger project than we have done before we plan on hiring a contractor to do the major work; demo, framing, electrical, plumbing, and sheet rock.

I would like to use the BRRR method but keep hearing that the market is overvalued.Thanks!

Yes, they can be abused, but so can plumbing without a disposal.

I feel strongly that it's a desirable location (private wooded lot on a river, plenty of nearby attractions) and should be able to do well.I'm planning on managing it myself but want to start off with good processes and methods.

I recommend that you drop the method and the lingo - and simply look at what opportunity exists in your preferred market. 

However, the seller's real estate agent and her contractor told us that installing laundry on the main floor could mess up the plumbing and potentially cause flooding.