Hey @Connor O'Brien - There is a list that CHA releases each year that states the maximum rent they will pay in certain chicago areas based on bed and bath counts. 

But if you’re just getting started and haven’t done any investing yet, those costs might not count as business deductions.Hope this clears things up!

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Any profit you can make from STR will help with the mortgage, but it's a bad idea to count on the STR to make a certain amount of money if that's the only way you can afford the house. 

Invest all cash on 10x $100 000 properties (not counting closing cost) with a return of 10% / annually OR2.

Drawer count and especially depth are crucial, otherwise it is just an expensive show piece. 

When I need something done fast, I can count on them to squeeze me in.Keep in mind that if you need the cheapest option for your deal to pencil, you probably should not be buying that deal. 

I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).  

You need your house rules to say no more than XYZ people, and no guests count over the number in the listing between 10:00 PM-6:00am or something similar.

I made more mistakes on my first investment than I can count.