Every investor comes from a different financial situation, has different financial goals and different risk tolerance.

For any reservation over 30 days you really need to have a state-specific lease in place to establish the lease terms and protect you from a potential squatter situation.

Depending on your situation, sometimes, it is better to do a cash out refi.

I get to meet people and it keeps me out of trouble, relatively speaking.I don't let on that I may have awareness of the owner's situation.

I’m trying to work on being vulnerable about being new and my situation.

Hey @Gerald Joyce - I am a sucker for utilizing as much space in my own Chicago buildings as I can....even if the numbers don't pencil out perfectly on the cash flow because like your Ravenwood building my buildings are in Bucktown and I know the long-term appreciation will far out way the short term cash flow...The question is, with your current situation can you bridge that short coming?

I also wonder what your personal living situation is, and if you have the interest/flex to owner-occupy. 

Multiple offers are now the exception, not the norm.

I'm currently researching how to effectively navigate this appeal process.A bit more context:The property has a zoning permit dated 1/16/1956, which includes a variance recognizing it as a three-family unit.I do not possess a building permit that explicitly authorizes use as a three-family dwelling.I'm seeking advice tailored to the Philadelphia, PA area, particularly regarding this situation.

If you buy the wrong thing or move the money the wrong way, it creates a taxable situation and in the worse case, it "breaks" your account.