For clarity sake, the previously mentioned "cash" term refers to liquid cash (cash in my bank account) not cash-out refi. 

You mentioned just south of Gate City Blvd and I was wondering are you talking more about the downtown area to I-40, or elsewhere?

I should mention that we are doing close to a 50/50 mix in the Chicago area.

In Wednesday's webinar, Brandon mentioned that when he makes offers he includes additional things in the price to try to make up the difference between what he needs for a deal vs what was offered.

By the way, I read that book mentioned by Joshua, and like every book that talks about construction cost depicts a cost that is localized. 

As most have mentioned talking to a loan officer is going to get you the answers you are looking for. 

Different posts here mention the following, quite different, tactics:- bid 85% of reduced price (which means Net to HUD will be under 80%)- bid so that Net to HUD is 80%- 88% Net to HUD rule still applies after 1st reductionCould anyone share actual experience with successful bidding after 1st reduction?

Thanks for the feedback an it’s funny you both mention getting a new accountant as that has been on my mind from some other prior dealings....advice noted

You mentioned that you might want to Airbnb the addition?

Like you mentioned, its hard right now to find something in a "A" neighborhood like West Loop that will cash flow after all your costs considered (PITI).