You may need a 5th electric meter and a 100 amp “house” panel installed to supply electric for new sump and any electric in common areas, exterior outlets, food lights, etc.This is what I need to do for a multi family building in the suburbs of Philadelphia.

Food source is the worst problem.

I've not yet done the math to determine which strategy would save me more money, but the big cons of this areNo primary residence, therefore slightly higher interest rates, 20 - 25% down (but depending on the market, this may very well be equivalent to 3.5 - 5% down in LA).Depends on the quality of tenant screening, but it's probably safer to assume that they won't take as great care of the property as I would.Probably need a property manager, professional or tenant.Either strategy seems to net me the same cost around $1,500 monthly, but I'm biased towards Los Angeles as I can rent to friends which solves a lot of the tenant/landlord issues.I'm not looking for anyone to give me all the answers but would appreciate any insight, food for thought, and constructive criticism. 

Electric doesn't cook as well. 

The rec building would also have a full kitchen to include multiple refrigerators and stoves for cooking.

Cook County (chicago) is much more tenant friendly from what I have heard then Dupage (Naperville) County. 

@Winn Cook, I would be more concerned about the future buyer's inspector.  

Just some food for thought.

Expendable income attracts all the cool food joints, breweries, yoga studios, etc. that millennials love.Love prices + cool stuff = millennials crack.And before you know it the area has been "gentrified 2.0" and blows up like crazy.

We're the location for the upcoming World Equestrian Games, being held at the Tryon International Equestrian Center.You can find great artists in the River Arts District using many different mediums for their expression.We have mountain views, hikes, state/national parks, the French Broad River, Kayaking, Fly Fishing, Mountain Biking, good food, beer, and wine.