What are common issues you are seeing at your property?

That’s a nightmare scenario and unfortunately, it’s becoming more common.

Hi, looking for recommendations for a CPA in the Chicagoland area, ideally if they specialize in real state, additionally, I’m starting a GC company, so any experience handling taxes in this scenario would be a plus.

.• Exit doors must have panic style hardware so they cannot be locked from the inside and they must have lever handles on the exterior for accessibility purposes• Apartment doors must be 36" wide, they must be fire rated in a metal frame and they can swing into the apartments• Apartment doors must have lever handle hardware• One commonly shared exit corridor/stair from the second floor meets code• Emergency lighting is required in the exit paths• Stairs must be a minimum of 36" wide and must have handrails on both sides.• Stair handrails must be at code required heights and must extend 1'-0" beyond the top and bottom riser of the stair.• Stair walls must be 1-hour fire rated construction.• No storage is allowed in the stair.• No storage is allowed under the stair unless the underside of the stair is fire rated• All doors that open into the stair must be fire rated except any door that opens from the stair to the exterior• At least one window in every bed room must, when open, have a clear opening of 5.7 square feet at the second floor and 5.0 square feet at the first floor.

Also, that makes sense, I need to include some estimated cost for trash, cleaning of common spaces, landscaping, and parking pad repairs. 

The key is to be close to a university and provide free internet, along with a common laundry and basic furnishings.

.🛠️ They take abandoned homes and turn them into safe places for families🌱 They bring life back to neighborhoods that others wrote off 📚 They create spaces for small businesses, nonprofits, and neighborhood services.They’re not just chasing cap rates—they’re using their development skills to give back, one property at a time.As a former Director of Lending at a CDFI, I exclusively financed the acquisition and rehab of 2-4 MF and small apartment buildings that overlooked by local banks and credit unions.Nearly all my clients had 1 of 3 things in common (many had all 3) that motivated them to complete their redevelopment project, they either:1️⃣Grew up in the area,2️⃣Still attend church nearby, and/or3️⃣Have a family member that still lives in the neighborhoodAnd here’s the thing:↩️These impact-minded investors still make a solid return, often with Equity Multiples over 3.0x.

Hey everyone,My name is Karan and I’m diving into real estate investing with a focus on the BRRRR strategy, and I’m currently targeting Edmonton for my first property.I’m looking for a realtor who understands working with investors, especially someone comfortable evaluating deals for buy-and-hold or BRRRR scenarios.

There is more work in room prep, cleaning common areas, etc. 

If I decide to move up on my offer, I will do so, in a small incremental amount... so in this scenario, I'll go up another $5K reluctantly.