Currently she has no access to hot water or cooking on her stove.

One of them (third floor) doesn't really cook  as they are younger working guys (I don't know exactly what they do for work).

My fb algorithm has littered my news feed with a plethora of "professional REI mentors".....but it's hard to tell which ones are great and which ones are snake oil salesmen.Thank you!!!

I hear you, Cook County taxes + Chicago’s tenant-friendly rules can make the numbers tighter, especially if you’re trying to cash flow right away.Chicago is still good if you buy smart (solid rents, good condition, room to add value), but it’s become more of a long-term / appreciation + rent growth play than an instant-cash-flow one.If you want quicker cash flow and to stay in IL, look at:Portage Park / Jefferson Park / Irving Park (lower entry than Logan)South Side pockets (Bronzeville, McKinley Park, Back of the Yards — run the tenant/risk numbers)Outside Chicago: Rockford, Springfield, Champaign/Urbana — cheaper buy-in, better rent-to-price.I’d run the deal assuming higher taxes and slower rent growth — if it still works, it’s a buy.

This plan was cooked up to save the housing industry, not for the homeowner.I work with new investors in creative investing strategies. 

You will also need to install cabinetry and countertops, and you may want to consider adding a small stove or oven if you plan to do more extensive cooking in the space.10.

@Chaim MalIn my personal opinion, you were sold snake oil and you want to buy even more of it (trusts).Cut your losses by dissolving (or at least ignoring) these unnecessary structures and close on your property under your personal name.

Run the numbers assuming that higher tax basis, and if the deal still pencils out under those conditions, then you can move forward confidently with whichever option makes the most sense.A purchase itself will not trigger a reassessment in Cook County.

., AI infrastructure demands), partially offset by declining oil/natural gas prices.

Patrick - Sellers always seem to want to really "cook/inflate" numbers.