Alderman Proagative....interesting...Why Chicago continues to make it harder to be an investor is mind-blowing....why not make it easier to buy a 2-4 unit property to drive home ownership?

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

Investment Info:Single-family residence buy & hold investment.

If you buy regular keyed locks (non-electronic) as Nathan Gesner recommended, then buy Schlage because they have a lifetime warranty on mechanical and finish. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Patricio Acosta: First comment I would say is do not buy something because it feels good.

Why not just buy your own mobile home park and let everyone live for free? 

Took about half a year to learn how to walk, talk and even eat again, but bounced back to my love for real estate investing and the two things that transitioned me from just wholesaling to actually buying deals as an investor was creative finance and private money.Bought my first rental property in Easley, S.C. owner finance and one of my best rentals I still own today was bought subject-to! 

Have you thought about your investment style-- buy and hold, fix and flip, househacking, passive investing, STR, something in between?

If you are worried about it, buy an umbrella insurance policy for $1 million and sleep easy.