1st Property Strategy

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Hi all!

I’m looking to purchase my 1st investment property as a buy and hold rental in the Chicagoland area. Current primary residence is a townhome. Any suggestions on what type of property to invest in as newbie landlord? What would the financing terms look like?

The idea is to start off small and get experience under my belt/learn as much as possible. I would like to slowly start building my portfolio.

Thanks for your help!!