There are tons of ethical wholesalers in your home state, who post in some sort of non specific NJ RE investor Facebook group, who definitely do not daisy chain their deals, inflate ARV's or just post crap that's literally on the MLS.

Prices might definitely correct themselves over time across the country, but I don't see any projections of them going down 30-40% anytime soon and all the projections I've seen, prices are going up.But with rents being so high, and prices still relatively low, compared to a lot of other markets in the country, my experience in this market doesn't lead me at all to believe the bottom will fall out anytime soon.If you've been in Northeast Ohio over the last 5 years you can see for yourself how much they've built up the downtown and University Circle area and literally have poured billions of dollars into it's medical infrastructure, which is one of the best in the world, creating thousands of high paying jobs and people willing to pay high rental prices.But I do agree with Nathan that it's all about having the right team and property management to be successful in this market. 

First, it looks like the guy who owns the place lives there FT(which is not how it was presented) and that he literally rolled out of bed and left this morning.

Chicago is a complex beast of a city with literally hundreds of suburbs, each having their own nuances.

@Andres Pepping stop & think - with the tens of thousands plus investors here on BP, what are the chances that someone hasn't already figured this out?

Most importantly, I feel very proud of the thousands of investors we've helped get started in real estate, and the many that have achieved their investing goals through their own hard work.

Anyway, code enforcement asked to see the inside of the apartment & i agreed as i was doing some improvements inside like painting etc.....afterwards he nailed a red tag to my wall which i didnt pay much attention to because I was literally unaware of what it was or what it meant.

Home Inspections are waay different than a walk-through.As someone who has done over a thousand of these, I would say the house should be emptied out if at all possible.

Thousands of other homeowners have listed their home on Airbnb, when the property is needed part time but can make a little bit of revenue the rest of the month. 

You can use an FHA loan with 3.5% down (That’s $7,000 cash out of your pocket) Then there are closing costs of a couple of thousand dollars.