Those income limits were enacted because cook county was declared a designated disaster area back in 2013 by FEMA.

You will need to learn all of these components of a development deal: land acquisition, site selection and sourcing, zoning and entitlements, architectural design management, deal underwriting, financing, construction, leasing, property management, and sale or asset management. 

I was under the impression that Master Electricians, Plumbers and HVAC people designed stuff for commercial applications and supervised apprentices and Journeyman Electricians.

The standard ductless wall mounted unit is designed to be mounted high on the wall and some people do object to the look.

With the opportunity to raise rents by doing some exterior and interior upgrades should I worry If I can rent these units out for market value rents once we reposition the project? 

Jeffrey Stasz Pros: Free for teams of up to 15 people, Collaboration Tool Cons: Not designed for real estate Basecamp - “It is a good communication tool for everyone that is involved in the project.

We are primarily interested in acquiring units, designing/furnishing and operating them as short term rentals (Airbnb, VRBO, etc).

The interior hasn't been touched since the property was built in the 70s.I am going to ask the owner about seller financing but he seems eager to rid himself of the property altogether.

Like you mention, you may have synced (by accident or design) the busiest time in your rental business (acquisitions, renovations, sales) with the busiest time in your personal life (full time job, full, young family, etc).

To eliminate any chance of pipes bursting during the winters, we relocated the kitchen plumbing within the interior walls.