After touring the lot/building it would be a massive project. 

Upstairs shower plumbing busted and caused mold in the lower unit (massive hit to my cash)6.

Just remember that HELOCs are adjustable, and with the current fiscal environment, rates are likely to continue to raise in the future. 

Is a massive collapse on the horizon or is this just a cooling down period? 

Similarly, to NY, Chicago is a massive MSA.

Hey @Bhanu Kuna and @Rich O'Neill,The tax abatement is being converted in so a scaling program. so 10 years still but with taxes going up 10% per year.VS taxes staying low for 10 years and then ballooning on year 11.So not as attractive but also not a massive deterrent.

I say that because it’s the last quarter of the fiscal year so as a government agency they will need to report all funds that were allocated out in order to keep funding.Good luck to all.

If the whole tenant pool for the area is like that I would sell and invest elsewhere but that's just me.I don't want all the drama for the perception of squeezing out a few extra percent annually on the return.Often the extra return isn't there but the massive headache and losses sure are.

The energy it takes to heat a pool is massive without getting a boost from the sun and limiting evaporative losses.

You may have trouble finding an agent that will list it for you when you don’t own it, that I don’t know, ask a realtor.Please don’t assume you found the one quick way to massive profits that no one else thought of.