@Jay Hinrichs I know the video is short, but I'm interested in your opinions on the actual 'rehab' items that can be seen - and any feedback overall.

Lots of differences you are seeing about Chicago compared to elsewhere and I will share an ebook we created to help out of state investors get some insight on huge items we see a lot of people miss when coming into this market.  

As you grow larger than you can consider these other items and utilize CPA and Atty who are actual real estate investors and work with real estate investors.

As others have said, the process is not rocket science, but without extra personnel or way more time than I have there’s no way I’m texting cleaners on ever-changing schedules.TurnoverBnB’s pretty good at what it does and the I’ve found the inventory management side of it be increasingly valuable, but the software is pretty bad/buggy and yes some cleaners will just refuse to use it or check off all items in 30 seconds as they head out the door, which defeats the purpose of a checklist. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Not to mention that your policy does not cover their personal property, so in the event of a fire due to bad wiring their renters policy covers their items and not you out of pocket.

Those items are much easier to do before moving into the property, however if it is larger you might be able to have everything in the basement while you do upstairs and the opposite. 

The property still had furniture and items still in it, which I sold on marketplace for roughly 1k.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.