Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

I do have extensive experience in data analysis, finance, accounting, and my wife is a non working attorney.

I have cash buyers lined up, but I am only a newbie so my list isn’t too extensive yet.

We renovated extensively for a total cost of 45K so purchase price plus renovation cost is 284K.

If you have another that makes 3 and I think I feel pretty good with that.Not sure if I'm meant to start a new forum or just post here but I suppose my ideal investment would be as follows...Property Type: Multifamily 2-4 UnitsProperty Condition: Something that doesn't require extensive repair, maybe rent ready but room for improvement / ability to add forced appreciation without costing an arm and a leg.Price Range: I feel like a realistic range for me may be between $100,000 - $350,000...Location: I am in the Beverly/Morgan Park/Mount Greenwood area, southwest Chicago - Would love something nearby here or in the burbs south or westInvestment Strategy: Buy and hold or maybe BRRRMy FICO scores are currently pretty good:  Experion 801 / TransUnion 811 / Equifax - not sure on this one to be honest but I think in the same ballparkI have a copy of my Experion report if the lender requires that before making a hard inquiry.  

@John Teachout they didn’t built another floor on top of the existing roof, it was an extension.

Depending on how extensive the renovation is, you may even bring down Repairs/CapEx to 10% combined, at least for the first few years.Water/Sewer looks a bit high for a duplex and low for a 4-unit.

I signed a contract with a GC  dated 09/19/2019 to start work on a project and deadline to be completed by 10/23/2019. he missed this deadline, asked for an extension until end of the month, gave it to him.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).

Most folks will recommend you do background checks on the sponsors and only invest with sponsors who have an extensive track record.