Yes/no, it's not like lenders do inspections but I encourage you live there, learn, and follow the guidelines of your loan. 2.

However, if you have the time and prefer to source properties on your own, I would highly recommend the following strategies:Connect with probate attorneysVisit property auctions: These happen monthly and, surprisingly, aren’t saturated with investors.Cold callingTarget LLC owned properties: Over the years we have seen an influx of companies purchasing SF for rentals/long-term holds and they failed to account for property taxes and an increase in new construction coming to the market.

I did reach out to the refinery, but I will need to follow up with them.

From what I've seen, think you should have no issues finding something needing some updating to hopefully further build equity and push rents. 

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

Also lots of sellers have locked in <4% rates and don't want to buy at 7% The above is all true, but that fact is not going to make the bond market push down mortgage rates.

Quote from @Adam Bartomeo:Adam - Thank you for the thoughtful response and my follow up would be to ask when you would consider a property "maxed out".

This really has not changed much but has increased since a few years ago everyone was pushing overpriced deals.So if you want to make the most money in real estate - you do not need to learn real estate just be a good sales person and fake it till you make it.  

If you insist on staying in Chicago, follow the Orange and Green lines. 

Social media is relying on reach.Unless you have huge following,  it is hard to get traction in a reasonable amount of time.