I've found Colorado to be one of the most expensive in the US, maybe followed by Park City/Deer Valley, Utah.

If the property is not depreciable (IE the allocation of the purchase price to land), then it can escape ordinary treatment, but it also isn't depreciable.https://www.thetaxadviser.com/issues/2011/apr/casestudy-apr2...If you find  a cost seg provider that legitimately carves out 60% of the purchase price of a building to short life property, let me know who it is  My experience is more like 20-30% on average of the building basis from an architect based study unless it is something like a Hotel/Motel or Mobile Home / RV Park.

We have a lot of timber tracts that are adjacent to state and national parks.

Hi All,
I am a structural engineer by day looking to branch out into the world of real estate investing. I've learned a lot so far from the Bigger Pockets podcast and I'm excited to be part of the investor community...

Hey mate,My opinion is to hire a local trusted property manager.Investing in real estate should not be about getting yourself into "another job" but rather elevating and delegating.Don't do the "$20 per hour work" per se but rather focus on scaling your portfolio.Granted a property manager can "make" or "brake" an investment so be super diligent.Just my opinion for what it's worth.All the best

Will be a question of setbacks, number of parking spots, and drainage. 

Grant programs also come with strings attached much of the time, so you need to really understand what you are getting into there and if you will need to pay any money back if/when you move.I have a client currently under contract for a three-unit in Brighton Park, who will be able to live in the one-bedroom apartment almost for free (I think with utilities it's going to come out around $300/month).

@Hyeseong Park  a "foreign resident" can't co-sign for you...but if he is a legal resident, then it's possible.

I also like Oak Park, Forest Park, and River Forest however the barrier to entry is a bit higher in those neighborhoods.If that deal doesn't work on to the next one!

Also, keep in mind that you should have enough profit (NOI minus principal and interest) to be able to realize a reasonable rate of return and still be able to set aside some money for capital expenditures - for example, money for new roofing, paving repairs for drives and parking areas, etc.In the end, you have to get to the other side of analysis though.