I apologize that your experience with us lately has not met expectations.

I’m in the process of transitioning to doing the real estate full time so will be doing more hands on stuff as needed but don’t expect it to be anywhere close to 40 hours a week, I’m looking to cut down on the amount I pay my contractor each month.

As of 2023, Chicago has changed its laws for short term rentals, so I will be moving away from this for the foreseeable future. 

The other 25% I expect locked up in next 2 weeks.Our next batch of lease renewals are April.

Your future year ROE will showcase the remaining equity CCR (hence ROE), and your new cash should be reinvested at some prevailing pre-tax rate (say 7% for example).

Would agree with what Jon said. it's a part of real estate. eventually it would have to be redone some point in the future.

If so, then what I would do is- 1) You mentioned 'wooded' lot, so depending on how much wood we are referring to, I would seek and get bids for selling the wood (I dont imgaine it would be much if anything at all cosidering .34 acres) additionally, you don't want to get rid of every tree; 2) When you split, you can certainly put restrictions in the new deed, i.e. any future structure being build most be between 1,000-1,500 sq.ft., must be single-family use... etc., etc. 

Also, newbies have limited experience in with financing so the refi may be later than planned.Generally, I think its somewhere between a bad idea and maybe just a "trial by fire" for the newbie to learn about a remodel and don't necessarily expect to do the brr well. 

Would love to refer you to my current and future clients in Houston, TX(:xoxo,Mei Bae WuHouston Realtor of Choice

I'm a website designer who's looking to become a real estate investor for our future retirement and for our 4 kids.