Someone was taking a shower and found the other bathroom toilet overflowing.

This building was completely functionally obsolete, four rooms with a narrow bathroom (obviously installed post original construction) which was in a state of disrepair.

Is it really water resistant for a bathroom or a kitchen?

When you couple this with a monetization loan, you can essentially defer the taxes on the capital gains for 30 years while still getting cash at closing that can be redeployed elsewhere.

It’s a living room, dining room, eat in kitchen, bathroom with a stand up shower and then front and rear porches with an enclosed semi private small yard on the ground level, and then 3 bedrooms, a full bathroom and a pretty big walk in hallway closet on the 2nd floor.

The house is super renovated with polished hard wood floors, brand new paint job,  updated appliances and kitchen, and both bathrooms are updated and super modern.

Price - 235,000 - 3% from seller towards closingProperty Type - Multi FamilyYear Built - 1949Units - 4 unitsBed/Bath- 2 bed/1 bath per unitSqft - 500 per unit - 2000 totalRecent capital improvements-- 2018Unit 3: New fridge, window, vanity and toilet- 2017Unit 1: New deck, AC, washer and dryer, baseboard heaters,kitchen faucetUnit 2: New deck, AC, window, baseboard heatersUnit 3: New paint, carpet, trim, fixtures, baseboard heatersUpdated landscaping- 2016Unit 2: New fridge, stove, toilet, vanity, tiled shower, paintcarpet, trim, fixturesUnit 4: New tile flooring, bathroom sink faucet, kitchenfaucet, paint, trim, baseboard heaters, AC and fixturesNew roofHow I will be funding it?

We're now learning that in IL there's also a partnership replacement tax that is essentially 1.5% of NET income, due each year.

We added a second 3/4 bathroom and roughly 400 sq ft of living space in the basement.

The law also used to state that once a homeowner had an A6 mortgage, any future refinances would also need to be recorded as A6 loans, IE, "once an a A6, always an A6" (essentially making getting a HELOC impossible).