There are many markets where enterprises are much lower and yet are very favorable to making good profits either flipping houses or using the BRRRR strategy.

They are not going to cut you any favors and do your loan basically for free.

After the inspection, I negotiated further based on the findings, which allowed me to secure the property at favorable terms.

Chicago doesnt have very favorable landlord/tenant laws.

I am generally in favor of purchaseing investment real estate in an LLC but one of the exceptions is the ability to acquire a property using FHA financing.

In many cases, having these protections in place also strengthens your position during negotiations or legal disputes, often resulting in more favorable outcomes.To navigate these complexities effectively, I highly recommend assembling a trusted team of qualified professionals.

I think I saw you at the Chicago multi-family club on Monday, but didn't get a chance to say hi.I am considering firing back up our Airbnb, which we took off the market for a while...we are in a prime time area (Logan Square) and 5 5-minute walk from the blue line.You make some great points on restrictions making it more favorable for the actual operators and also about the slow and faithful midwest market. 

The exception to this is a very little-used process called a leasehold exchange, which seems to fall out of favor more and more with the IRS as years progress since the first private letter ruling was issued back in 2002, I believe.

While it’s easy to get caught up in the excitement of finding and closing deals, building a solid framework in these areas is essential for long-term success and sustainability.A proactive tax strategy allows you to take full advantage of deductions, use the most favorable tax structures, and keep more of your income.

The most common factors that companies based their city selection on are as follows..Metro Population: 1M+ population provides infrastructure and workforce.Low Crime Rates: Safe environments attract businesses.Pro-Business Climate: Favorable regulations encourage growth.Competitive Costs: Lower operating costs attract companies."