It's still a good market for long term rentals but the returns are not what they were 10 years ago - but if you can get past overly optimistic suggested ROI, it's a really solid market.

Seeing out there if anyone has any reading lists or content suggestions for sales or negotiation in Real Estate.

Any pros/cons on either or any other operator suggestions would be greatly appreciated. 

It suggests that you should aim to pay no more than 70% of the ARV (after-repair value), minus repair costs.Example: If the ARV is $300,000 and repairs cost $50,000, you should pay no more than $160,000 for the property. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

Study the market.

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

Industry experts suggest the current uncertainty creates ideal investment conditions for those willing to enter the market.As we step into 2025, we wish our valued readers prosperity in their investments, clarity in their decisions, and success in seizing the opportunities ahead.

Exactly what Chris suggests - buy the house from them and rent it back to them.

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.

I suggest next time you make sure that you have enough money for a deal before proceeding forward.