As 88% of all households still want to own a home, as they do, they are pumping millions into the retail sector, as they purchase furniture, lawn mowers, trash cans, dishes, etc. to outfit and maintain their homes.As someone in the trenches daily, I can tell you that the market still feels healthy to me.

In that instance, if the cap rate stays the same, the calculated value will be artificially lower than the market value so how did you model or bake-in this market appreciation into say a 5 or 10 yr model?

I am looking in the Hyde Park, Oak lawn,(near Chi state), as well as the Pilsen neighborhood.

I self-manage, @Fan Bi, with a regular man to do lawn, trash, and minor repairs, and a contractor for other items. 

I realize that property taxes, insurance, and other expenses like snow removal or no snow states but lawn care is crucial to the numbers.

Tell Lars that Chris Mason sent you.http://larsghanssoncpa.com/ When his office and mine get conspiratorial with the goal of boosing purchasing power of a self employed person a tax filing or two out because someone's purchasing power is artificially constrained by stupid mortgage guidelines, amazing things happen.

We've gone through several years where both variables (T-Bills and LIBOR) have been artificially driven lower by never before seen Quantitative Easing and bank-friendly Federal Reserve policy.

AlexBare with my spelling an grammar my wife was not around to clean up my post.I work better with a chain saw, Lawn mower, or  a tractor  then I do with a key board.

Personal Name too risky in this day and age and state of practically 'martial' law:https://www.biggerpockets.com/renewsblog/2016/01/2...the guy got a WARRANT OUT FOR HIS ARREST just for narrow patch of lawn that was left uncut!

If you are concerned about your landscaping you need to hire a lawn service and build that into the rent when it is leased.