The Chicago Neighborhood Initiative has rehabbed a decent amount of homes on Champlain and Langley, and 30 more distressed assets will be coming alive shortly, so there is progress - https://www.chicago.gov/city/en/depts/doh/provdrs/housing_resources/news/2020/july/city-grant-approved-to-restore-30-historic-pulman-rowhouses.htmlYou are right, inventory is extremely rare down there as it's tight-knit, not a lot of trading, and when it does, owners tend to trade with each other.

The good news for them is that you now have a property where they won’t need to secure financing in order to move into the home.

Did you just hear the news???

@Shane Braunworth That is some great news!

Any advice on how to break the news?

This new model was news to Vantage scores which were announced in the past and not adopted by lenders as there is few to zero products to match.

Article here: https://laist.com/news/housing...I have to say the following made me laugh out loud:"Many homelessness policy experts credit local eviction protections and bans on rent increases with reducing the number of Angelenos falling into homelessness during the pandemic."

When the baby gets a little older that 2 hours a day of free time might vanish and become zero hours a day or negative 2 hours a day.Just because you have 2 hours a day now with a new baby doesn't mean it will last.Terrible twos, etc...When kids get a little older they can have fun at Montessori School for a few hours a day--allowing you to free your schedule somewhat.Then there will be, tumbling, or sports, or other activities as they grow older that will take up their time, all you need to do is drop them off as they get older vs sit there with them while they do it.Just my 2 cents.

They will likely be cashflow positive and you can offset the higher mortgage payment on your principal with the cashflow from those properties.Within a few years, you will be cashflowing a couple thousand dollars a month and by year 8, you should be making $3-4k per month in cashflow and have hundreds of thousands of dollars in equity.The good news is that you have options.Hope this helps!

@Bjorn Ahlblad Thank you for your response.In her June 12, 2020 Real Estate News for Investors podcast entitled ¨Housing Policy: Black Families Still Suffer Redlining,¨ Kathy Fettke provides a succinct, and in my view, persuasive review of how race has, and still does, impact both the real estate field, wealth distribution and opportunity to secure wealth in the US.