What are people doing in this market?

[Devin Londo]

I live in Chicago, Illinois, and am in the process of (trying) to do a 1031 exchange, but am having a really hard time finding a new deal that makes sense. 

What I'm seeing with interest rates and taxes going up, are most places don't do more than just cover their operating expenses. Maybe I'm looking in the wrong places, but I'd welcome anyone's insight on this. 

Thanks! 

[Karl B.]

I'm looking for deals that make sense as well. Although it's maddening to have the money to buy (and to not be able to find a delicious deal) it's even more maddening to buy a property where the numbers don't make sense. 

I'm looking in different markets - there are deals out there. I'm simply being patient and am adding to my savings (and by savings I mean money for buying properties).

For everyone, including myself, I yell, don't do a deal that doesn't give you the cash flow you want!