@John Vasconcelosi guess all of those risks exist, sure. 

This is a sophisticated wild-eyed guess Jeff. 

I would suggest to check with your local laws first.Most likely you will need permit ( I guess you can get away without, obviously not suggesting that :D)) but possible) , also check your zoning.If not possible to create separate unit legally, I suggest not putting an oven in the basement, and rent it without, or live in it yourself

Ouch hadn’t heard that yet on multi fam for Cook , but then again every time we buy there, we always immediately dispute the tax bill so I guess not shocking!  

I guess I'll just let my dream of being paid for referring go as I'm not looking to be a real estate agent.

I guess everyone has their own game plan but there are states that are offering huge ARV potential and cash flow options. 

I guess you'll have to ask yourself, do you want to be a return on equity, or a return on cash flow investor. - Ideally you want both but with a lower down payment, the less cash flow you have due to high mortgage.

The next one will go smoother than 4 months to close, but I guess in this market, fixing someone's headache is extremely valuable. 

I guess it's just in their heads? 

I guess I was being short sighted and was a bit too caught up in the raw real estate numbers.