Advice: Do not over extend yourself.

Also, I'd extend your timeline for rehab by about 50% as well. also, a very tiny corner of this neighborhood is in the 500 year flood plain.

I was specifically worried about being over extended in that market. 

Yes, but banks that extend mortgages have issues with it.I had a $120K HELOC, and only needed $20K of it to put a 10% down payment on a bank foreclosure I was purchasing.

All of our purchases include a ten day inspection period with an option to extend, so we will definitely be getting that done as well.

Extend out your Vision \  / Left and right lateral limits  and realize anything outside of them will not be on camera, and the further out you go the more degraded it will be.  

Account Closed  I agree with your assessment, though the white-hot market area extends beyond RT 128!

According to tenants, O'Hare is extending very close to this business very soon with in one or two years and these plans are already final. 

Whether you claim the depreciation expense or not federal tax law REQUIRES you to adjust the tax basis of your property for all depreciation "allowed or allowable".As I explain it to my clients: The IRS is extending you a bowl of money and saying "you can take some if you want, however, whether or not you take any, we are going to tax you as if you have taken it."

haha.I understand north of Michigan st is highly desirable but didn't know it extended that far south.