The right area to concentrate on

[Sarit Pollak]

Good day,

I'm looking for a SFH, up to 100,000$, easy to rent and high ROI. The problem is, what I find at these prices is either in a problematic area or with a high property tax that eats up the profit.
Any suggestions as to what area in or around Chicago I should concentrate to find a mix of high ROI, low crime and medium property taxes? 

[Mike B.]

Here is some unsolicited advice...consider looking for a two flat on the south side. Look at price points as far east as possible but not farther south than 79th st. Buy low, rehab, fill the two apartments, refi with a bank, pull your money out and repeat with building 2. Continue that until you have 5 of them. Hope to get some appreciation off of what Obama is developing in Jackson Park years down the road but don't go into it with that expectation, just a bonus if it materializes.

You could also get into a better neighborhood or a bigger multi unit by using a HML to purchase/rehab and refi at the end of the project.

Also, for what it's worth, if you're not going to manage the properties, find your property management FIRST. That will be harder to find than the property itself.

Good luck!