That's obviously not a legal dependable statement, but it sure helps and gives me hope that investors will be treated right, if things get shaken upside down.

Depends on the part of Portage Park. 

There are a ton of beautiful apartment complexes to choose from where everyone is obviously renting and its fine.I find these questions fascinating because there isn't a right or wrong answer but it makes me think. 

Hi Baskar,COC seems pretty low, but it depends on how you are looking to execute this.

Depending on the loan amount you need, the length of time you need the funds for, the scope of work, and your personal qualifying factors - you could utilize a short term bridge/rehab loan to do the renovations or you could take out a HELOC!

Depending on how much you'll have in reserves left if choose to put a larger down payment 

Is it all property-dependent?

You should consult with an attorney in your state to make sure that you are using the best asset protection strategy for your situation.Your budget: The cost of asset protection can vary depending on the type of protection that you choose.

I also think it highly depends on your market, such as if you're in a seashore area, you'll probably want to do STR in high season, then switch over to MTR for the rest of the year.

This all depends on your risk tolerance and your ability to access future capital.If it's a windfall, I would do 1 slightly leveraged and 1 all cash transaction in great areas.