I appreciate the concern and the ultra conservative approach, but I can tell you that I wish I had jumped into investing - not just home ownership because they are VERY different - much, much sooner in life and most investors you meet will say the same thing.

I'd be utilizing FHA for the loan on this.Mainly I really need a place to live as well - I WFH full time and run a business and having a stable home for a couple years where I can do what I want is ultra valuable to me.

Maybe I'm wrong, but my guess is that the ultra-left city of Chicago doesn't have super speedy evictions and is probably extremely anti-landlord.

Needs a lot of TLC and so I am looking at the rehab costs associated and the work, sweat equity and determining how we can get this.My wife is ultra conservative meaning she wants a house for us first then invest and I am trying to tell her invest and have the investments pay for the house.  

Are the lumber liquidator "tranquility" brand of Vinyl Plank as good as the Home Depot "Allure-Ultra" ?

One of my biggest concerns is to go from an ultra hot market to a less so and different one.

If you do a traditional rehab in Lawrenceville instead of an ultra-modern one, you could be costing yourself $100k-$200k in ARV for the cost of maybe $25-$50k in different finishes. 

It is not used in conjunction with their laminate products, so it's confusing as to which product you are talking about.In areas prone to liquid spills or moisture (such as kitchen, bathroom, laundry, basement) the TrafficMaster Allure Ultra (or something similar in another brand) will serve you better because it is 100% waterproof, clicks together, floats, and if one piece becomes damaged it would be relatively easy to replace.

@John Underwood Glad to know it's just me and it's not the market lolI think mr underwood has one of those 2 mil dollar cabins that’s ultra luxury, so not sure on the comparison to overall. 

I am not talking about brokers showing MLS listings, that’s common to everyone and most likely won’t lead to ultra profitable deals.