In almost every case you will be finishing basements (possibly digging them out), moving or removing walls, moving staircases, adding shed dormers to 1 1/2 story homes, updating mechanicals, etc.Is anyone willing to share the name of an architect or architects, who's practice is directed toward the investor rehabber with respect to the permitting process in Chicago, i.e. they can do the drawings and get the permits approved as quickly as can be expected in this town.If providing such referrals violates the forum rules, I apologize and ask that you ignore my request, but I would appreciate any other insight from experienced rehabbers

You can try to contact H&M and see if they will give you their interpretation of what FMV and go start with 2/3 of that to see if you can draw a counter out.

With interest, possibly only my own, I can check in and provide these numbers again next year.The real comparisontable { }td { padding-top: 1px; padding-right: 1px; padding-left: 1px; color: black; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Calibri,sans-serif; vertical-align: bottom; border: medium none; white-space: nowrap; } month options returns options annualized REI REI annualized CD annualized January 382.71 0.176 na na 0.005 February 298.28 0.135 na na 0.005 March 800.6 0.359 na  na 0.005 April 1050.59 0.232 na  na 0.005 May 966 0.194 94.5 0.0044 0.005 June 618.78 0.089 97.5 0.0045 0.005 July 1055.55 0.147 44.99 0.0023 0.005 August 202.98 0.027 225.22 0.056 0.005 September 569.34 0.073 348.4 0.061 0.005 Where the annualized REI returns are calculated on the cashflow value at that month x12 and divided by the cumulative closing costs.

Major draw backs could be:Finding a property manager that manages RV/Mobile home parks.Cash flowing above the mortgage payment,property management company and expenses.Local lender will not finance the project if you do not live in the same state or area. 

To make your offer, you would Average the 4 figures which would make your offer start  at 75k: 300 divided by 4 = 75. 

In a partnership, you are pretty much permitted to divide up gains and losses in any way that you want.  

Any holding over thereafter shall result in Resident being liable to Owner/Agent for daily rental damages equal to the current market value of the unit, divided by 30.

That will allow me to draw a retirement after thirty years of employment.

Do you know what a contribution and a draw is?

The process is called "underpinning" and typically requires a building engineer to draw up a plan and a procedure schedule.