You bring deep MLS access, market expertise, and established professional networks, while I've developed systems around rapid cash closings, and comprehensive renovation vision—particularly for properties requiring substantial work that might intimidate traditional buyers.I'd welcome the opportunity to exchange insights about our respective approaches.

I see Wall Street money pivoting more into Multifamily and new home developments wholly owned by a firm for the purpose of rental.

The first are those who spent years working for real estate development/related organizations, learned the business while earning a salary, saved money, and built real capital relationships they’re ex employers allow them to tap into. 

I completely over $300M in commercial real estate development in LA. less expensive than the Bay Area and it is still super hard to accomplish BRRRR with construction team in house. 

A vacant, 1950s-era, multi-building gut rehab is closer to a development deal than a traditional value-add.In situations like this, I have found it helpful to work backward from stabilized value and then explicitly account for three things before arriving at a purchase price: total hard and soft costs, a realistic contingency, and a clear profit buffer for time, coordination, and risk.

Developed expertise on renting to Section 8 through experience and study: Section 8 Bible - Michael McLean.

If street parking is allowed that might help.I spent my career evaluating zoning and building code restrictions.Check with the zoning department or it might be under a Community Development umbrella.

Hi, I would love to hear what everyone's favorite project management software has been in the last year? 

Even with all that growth you can still find properties around 120K to 180K that can hit the 1% rule and produce positive cash flow, and with all the development happening there’s a ton of appreciation upside long term too, which is why a lot of out of state investors are targeting this market right now.

What's going on @David Hanson - If you have a degree in finance and real estate...and it sounds like you are a go-getter, then I highly suggest looking into some Chicago commercial real estate brokerages.Other options would be some larger property managers or developers.