Once it is in service, all operational work you do can be included.Husband and wife hours can be combined.

But in this city, your financing strategy can make or break your deal.Here’s what investors should know about buying, selling, and financing property in Chicago right now.Why Chicago Remains a Strong Market for Real Estate InvestorsChicago offers a combination you rarely find in other major metros:• Affordable entry points• Strong rental demand• Older properties with consistent value-add potential• Diverse neighborhoods suited for nearly every investment strategy• Appraisal upside in revitalizing areasNeighborhoods like Avondale, Bronzeville, North Center, Uptown, Albany Park, Portage Park, and Rogers Park continue to offer a mix of appreciation + cash flow opportunities.Financing Determines Your Strategy — Here Are the Top Programs Investors Use:1.

It’s a forecast, not a paycheck, and you can’t build a strategy around something you don’t control.That said, in my personal journey the real wealthcame from a combination of both sides of the equation.

I use Innago for some of the tenant-facing functions, and Baselane on the back end to complete the picture so I'm ready for tax strategy and on top of property performance.

The opportunities lie more in small multifamily, value-add (reno or reposition), house-hacking or some combination of the three.

Ideally would like to sell as 2 condos for maximum profit, but if town won't permit that, am willing to refinance and rent out with anticipated combined monthly rent of $4800. 

That’s a really smart analysis, and you’re thinking about it the right way.From a tax perspective, here’s how I would think about it:If you sell, you’re right, you’ll face capital gains and depreciation recapture, likely around 25–30% combined depending on your income and state tax.

The other two are side-by-side, and combined, form .34 acres.

The ways around this are usually: (1) switch from replacement cost to actual cash value (ACV) or functional replacement cost, so the insured value better matches the real economic value, and (2) use an agreed value/stated amount endorsement so the company agrees up front to a lower limit without hitting you with a coinsurance penalty.

Each improvement was designed to increase appeal, enhance functionality, and position the property competitively for resale.What was the outcome?