I actually am in the process of selling my home in Round Lake Beach, IL I no longer live there but do get 185 a month in pure cash flow.

I've been analyzing a bunch of properties in my area hoping to house hack or purchase as purely a rental property.

But from a purely safety perspective wait-and-see is perfectly fine.

If it was just purely owner related versus the local area, then that could be a good buy.

No income or employment is put on the loan, it is purely rents  versus payments but you must have 30% for down plus closing costs, or negotiate that the seller pay your closing costs. 

I asked the guy if I can take a picture of it and he said yes and insisted that I sit in it, and when I did he told me start his car, when I tried to it didn’t start, the battery was dead, he asked me to give him a jump start and I did, after that he took my phone number and about a week later he calls me and offers to buy me a beer.

If you want pure investment properties, you are probably looking at six units that go for 110-130k per unit that essentially will meet the 1% rule after you clean them up.

Basing my numbers purely on 60 min HGTV shows. 

I lived in my first house and rented it out when i bought a new one and am currently under contract on a new build tow house as my second rental/first pure rental.

Hey Will,As a PM in the area:-have a lawyer look over your lease-make sure EVERYTHING is in your lease (who replaces air filters, who replaces smoke detectors batteries, who cuts grass)-be thorough with background inspections-make sure tenant is aware (and is in lease) on when fines occur for late rent and how much they areThose are things that first come to mind.In can be expensive and time consuming to set it all up the first time and do it in a way that protects yourself and your investment.Let me know if I can help in any way!