All materials are very durable and last for many years.Renovation cost is a function of the following:Property selection: We only consider properties needing low-risk cosmetic renovations—appliances, paint, flooring, countertops, and window treatments.Market competition and tenant preferences: Our finishes match what our target tenants expect and what competing rentals offer.

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.

Couple of thoughts:1) Flips typically require better quality finishes than rentals. - So, if it too late to lower the finishes to rent it?

I'm finishing up an MBA in Data Analytics at Clemson and hold a bachelor’s degree in Industrial Engineering.I'm preparing to co-found an LLC with a fellow Army Captain as a 50/50 partnership focused on long-term rentals and BRRRR projects, or potential flips depending on cash flow.

That said, it "seemed" pretty straightforward to the finish line... 

Quote from @Logan Muthusamy: I have just finished fixing all the violations and communicated this to the inspector to schedule the inspection.

Build to last, not to impress.We avoid fancy finishes because they cost more to maintain.

Cosmetics and interior finishing will be coming up in the next few months.

If the place needs heavier prep or higher-end finishes, it can push a bit higher, but most investor-grade turns fall somewhere in that range.

Congrats on making your start.I am just finishing working with a first time investor that had the same plan.