The locations I am looking at (suburbs reasonably far from downtown and the Tech Center) have seen 3 total transactions in the last year.

This would be our second duplex house hack, and while it's been a great investment, the neighbor our current duplex is located in is not the worst, but not the greatest either, especially when it comes to school district.

Out of curiosity, would any of your rentals be located in LMI communities in Memphis such as Orange Mound or New Chicago?

If they can find a gorgeous 3BR in a good location for $1550 nothing comes out of their pocket, why would they go to a crappy property for $1550.  

ADUs seem to be really popular in California, depending on location. 

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

Location of accountant: some accountants will charge more if they’re in a higher priced locationGeneralist vs specialist: if you want someone real estate specific, it will likely cost more.

Hi there, I am not located in Chicago, although I did live there for 4 years at one time!

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I’m not saying you have a bad deal, or I wouldn’t buy it if it was located somewhere warmer without income tax.