Some cities (like Chicago) have strict rules on what type of properties can be Airbnb (or similar).

@Brian Hamel I was saying the same thing because with a female living downstairs by herself it will be to much bearing babies cry and she’s one of my best tenants!

I have a friend who is looking to purchase a property on the south side of Chicago, but I believe it is a banked owned property. 

Hi everyone,I recently have been looking at the rental property market of Chicago and it's suburbs. 

In my market here in the Chicago burbs, it is common for the owner to have to chip in a few hundred every month while they are living there. 

He's also out of state (in Chicago, I'm in Charlotte)The property is a buy-and-hold deal that would require $48k cash up front, and after all expenses would net $416 in CF for a COCROI of 10.4% (on the conservative side) with roughly $55k in equity.

On a per capita basis we are right behind Baltimore and Chicago.  3BR houses in a decent neighborhood with CH/A sell for $9500 if they are a bank foreclosure.

I am on the southeast side of Chicago, in the south Chicago neighborhood and my AC has a burning smell when running.

Lots of work and effort.Agents work opposite of a "good deal" they work for the seller first and try to get as much for the property as the market may bear.

I am ready to start planning for my own real estate investing  I am in Chicago and thinking house hacking is the best way for me to get started.