I manage almost 400 apartments in Cook County at this point.

Purchase price: $260,000 Cash invested: $120,000 Sale price: $535,000 Complete gut, new front and rear walls, all new electric, HVAC, plumbing, roof, deck, windows, interior What made you interested in investing in this type of deal?

Purchase price: $5,000,000 Cash invested: $1,450,000 Complete combination and gut of two lofts side by side resulting in a 4,000 square foot home.

Gutted to the studs and rebuilt the building.

I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

I personally don't mind cooking on electric but I will say that cooking on propane is different than what most people know which is natural gas.

Nita Cook is a great property manager in the area for short term and long term rentals.

Often I can smell scents from the lower unit that aren't pleasant (cooking, smoking, etc).

Gutted the kitchen and dining/living room area.