. ($9.5m was a drop from original $12.5m)My town: 29 units @ $1.63m all 1/1 at market rents; no remodeling since built in early 60s so not a lot of appeal to tenants.

Cousin runs a very successful kitchen/bathroom remodel business.

I recently purchased a condo in Chicago area, and decided to remodel the condo.

I would want to remodel kitchens and put c/a system in.

I paid about $40k for it and spent $15k on the remodel four years ago.

I wanted to get new flooring, replace the old windows and doors with more efficient ones and then later on remodel the bathrooms and kitchen.

I also have extensive construction knowledge and capabilities from working in residential construction during my primary nursing education and from completely renovating and remodeling my home.I feel like I have a good grasp on the local market and traditional financing, but I overall feel like an amateur on the investment side.

My current home is paid off and has 20k+ in remodel this year and I'm only asking 50k for it, if I have to sit on it much longer anyway I can use part of it's value to get into my next home?

This prevents tenants from using the battery in a kids toy or not replacing a dead beeping battery.Other areas require fire escapes, fire resistant doors, fire stops, and hall doors that close when there is a fire, besides sprinkler systems.Most times a lot of this can be grandfathered in, but if you do any remodeling requiring a building permit expect to be required to become code compliant as well.

1930's home but remodeled many times.