Typically, our decision-making is weighted toward current NOI, but we are taking a close look at what the market can bear for renovated unit rent amounts, and what other levers we can pull for NOI growth. 

(lol, we all know that happens as a landlord)If you own a 2–20 unit in Chicago and you’re holding a cash-flowing building but questioning whether it’s still pulling its weight, that’s usually the right moment to run the numbers—calmly, not reactively.Happy to talk it through.

You can open an LLC at a place like Legal Zoom or Harvard Business Solutions. 

I’d start by finding an agent who does a lot of investor deals and can pull recent sold comps by condition, then back into your max offer before you even tour.

They cash-flow so well that the shorter term doesn't keep them from cash-flowing at all and since I pull MORE money out on the refi than I spent I was working with more and more cash with every loan.

Pulling a few nearby sales should help clarify ARV and whether the numbers make sense.

However, the numbers tell me losing $30k to $40k one time is better than paying $30k to $40k to lose money every month for an unknown period of time.I wish I had a solution that could magically make this a good investment, but numbers tell me it is not. 

Are you looking to pull any cash out with this refinance?

If you need one, let me know and I'm more than happy to pull one together for you.

I am pulling the plug on working with Grocapitus. the financials were to rosy and not realistic.