2017 Goals - Does this Chicago Suburb Rental deal exist?

[Ben Clark]

While I'm not new to investing, I'm new to RE investing and would appreciate some input from the BP community. 

I'm looking to get started with buy and hold rental properties. I would like to buy SFRs or townhomes that can be cash flow positive at 70% financed with a 30 year am. I would also consider a 15 year am even if it meant cash flow slightly negative. 

I want to net 10% or more and ideally would like to be able to purchase below market value. I have to be able to beat publicly traded REITs which offer more liquidity. 

I'm wanting to put some cash to work and am looking very long term (i.e.  Buy and hold forever). 

Anybody in this market have any suggestions? Is this deal out there? Where should I be looking?