That said, I'm unfamiliar with the market and would love to meet with other investors who are finding some success (and mishaps) to help refine my game plan.If there are any REI meets ups please let me know!

Or would I be ok with another rental and enjoy the income..Would like to know from people who did their own development and was it a game changer to their business profits?

The best way to win is staying in the game the longest. 

Been in the game for just over 2 years.

It's not a game changer, but a strong concession can level the playing field a bit.

or heard of it.. was a new one to me.. what I love about our game of RE is no one knows everything and you learn new stuff every week.

Hey @Lee Burns - I might have a guy for you...Can you please provide us with a bit more background on your game plan and your understanding of how foreclosures and receiver's liens work in Chicago?

You can see regularly companies and some individuals here on BP that like to play games and it happens to them.   

I think the investor-focused agent is one that understands investor needs vs. buying a primary home- very different ball games I think.

Plus, renting by the bedroom offers more control over tenant turnover and higher overall rent.For other investors or house hackers, this strategy could be a real game-changer.