Chicago (Read: expensive)

[Scott Ervin]

I was curious if anybody had experience starting in REI in Chicago. It is a very expensive market, and even just outside of the city, but within Cook County, there is not much room for error. I would like to either flip or buy for rental in an undervalued area for various reasons, one being that the cost/risk might be more in my ballpark. Has anybody had any experience in Chicago area that they might share regarding this type of venture?