After bringing a few investors by to look at the property, I learned that the price was too high based on the work it would need to get it to its highest ARV.

I want to make sure I've covered all my bases and choose the path that's the surer route to reaching my goal.Any/all advice is welcome, and thank you for your time!

I'm sticking to my base of turnkeys until I have a few thousand of passive cashflow then I will transition to more application type plays.

does it based on the default amount or flat fee?

You can house hack with roommates based.

The property is based in Chicago, IL.Thanks!

Based on your experience, how much should we plan on spending/borrowing to start a business in the State of Massachusetts??

If that money runs out, Medicaid will step.To prevent abuse, each state has stringent rules including "look back" periods where the state can disqualify someone based on the transfer of assets.

If you buy post-1978 you likely miss all of those lead-based paint, galvanized plumbing, knob-and-tube wiring, asbestos, etc. issues.

That's usually based around the theory that this way you can screen the tenants, gets rents to where they make sense for your deal, etc...We're closing on a triplex and everyone is on month to month leases.