The purchase to cash flow ratio is much higher than majority of the states in the US but again not the only states.If you need any help or want to talk more REI feel free to reach out I have done a ton of business in both states and can walk you through pretty much anything.

Can you talk about the NOI?

Talk to a CPA to see how it fits your plan. 

We have already talked about JVing. 

Whenever I hear anyone talk about managing occupancy, there is always a heavy focus on leasing.

I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC.

Chicago has plenty of opportunities for value-add projects, and I'd be happy to share some insights or introduce you to a few local investors I've worked with.Feel free to reach out if you want to talk strategy or specific neighborhoods!

I talked to my lender contact and, as Kerry mentioned above, it's pretty uncommon that a traditional lender would offer a HELOC product on an investment property (non-primary home). 

But 1) you're likely grandfathered in if they ever do, and 2) there are no talks or indications of changing directions on their stance. 3) long term rentals don't cashflow here, but our appreciation is super high.

Independent investor but willing to talk incentive for referral if deal is good.