Otherwise it will have to be an investment property loan with about a 20-25% downpayment.The trade off with less capital is you have to be more uncomfortable with your living situation while a higher down payment loan product gets you a more comfortable living situation.

Not sure if I should stay in the Chicago market or Invest out of state in a more land lord friendly state?

Even with property managers the effort is often more than you think. 2) You should do a more thorough cash flow and expense analysis.

I'm trying to stay more organized and find a more useful option.

5 to 5:30 AM or 1 AM ??

Deals are taking a bit longer to close, reflecting a more deliberate market.Active Inventory: Active inventory surged by 47.84%, with 5,170 homes available compared to 3,497 last year.

Deals are taking a bit longer to close, reflecting a more thoughtful market.Active Inventory: Active inventory rose significantly by 55%, with 4,379 homes available compared to 2,826 last year.

This significant rise points to a more balanced market with ample opportunities for buyers.Practical Advice and Actionable InsightsFor Buyers:Leverage Inventory Increases: With active inventory rising significantly for both single-family homes and townhomes/condos, buyers have more choices.

@Theo Sengat that purchase price, you're probably looking at either a major rehab, a more challenging neighborhood, or both. 

As mentioned in other replies, I'm ideally looking for opportunities under $500k with a more passive  approach.