The property should appraisal for more than what you bought it for, then once that happens are you supposed to go to local bank to get it refinanced and you get money back from the bank if it appraises for more?

For sure you would "technically" need to pull permits for something like that...but this is likely a case where doing that work isn't going to alarm any neighbors or city officials...Being that it's inside your unit and an enclosed porch.Sam is great and so is @Prashanth Mahakali as far as local Chicago architects go.

I can recommend a local architectural/engineering firm (previous office was on 36st in Astoria) that is very experienced, knowledgeable and professional.All the best to you & your dad on this next chapter!

If possible, consulting a local real estate agent or financial advisor can provide personalized advice based on the specific market conditions in Chicago.

Hi Nina, National Integrity Title handles foreclosures- great local team to work with, very communicative and thorough.

I would try to network with local wholesalers and investor-friendly agents, but at some point to really scale you'll need to market directly to potential sellers.

If it IS illegal, It is illegal whether or not you think it is an opinion or not, and no matter how YOU choose to interpret it.Why don't you ask your local lawyer and tell him "do you know anyone that got caught?"

Reach out if you want to sit down and grab coffee and throw some ideas around.Also, as a new investor we'd love to have you join us at our local investor meetups.

These technologies are not just passing trends; they are the vanguard of a new era, swiftly outpacing the conventional workforce.The Rise of AI and Disruption ToolsThe real estate industry, once reliant on personal connections and local knowledge, is now being reshaped by AI.

If you do want to go outside, you should put a lot of work into evaluating the area and finding local property management.