I would encourage you to do a deeper dig on the financials and take your own skill inventory in making this important wealth impacting decision.  

The price points do make it hard to cash flow even with the lower interest rate subject tos. 

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

@Lina TruongStarting with mid-term rentals (MTRs) can feel daunting, but breaking it into steps makes it manageable.

I've also seen the extra space used to make a toy train set up for HO gage trains.  

Why would someone buy now and make little money for the chance that the rates will adjust later?

A young population plus a growing industry makes for good long term investments, but unless you are really scaling the cashflow can be hit or miss. 

@Grant Shipman Great stuff, I'm a big fan of co-living/rent by room strategy, and I do it here locally in Denver metro, and it is the best strategy in today's market for any house hacker to live for free or make money while living there, but they have to sacrifice personal space.

If you have an LLC operating in another state but you reside in CA they make you REGISTER that LLC as a foreign LLC doing business in California. 

While new-home sales are thriving, the rest of the housing market is struggling to keep up.