Foundations actually don't come up that much in Chicago.... so many awesome brick properties.

I have owned single family rental properties for several years, but am now faced with a unique problem.  

If I were in your shoes, I’d focus on house hacking in Phoenix by exploring multi-family properties or using the BRRRR strategy with undervalued single-family homes.

My goal is to achieve financial freedom through house hacking and long-term rental properties.

I have a section 8 applicant who has submitted an application, and we are waiting on the city of Joliet to inspect our property.

After purchase, did some renovation on the property.

Vacant properties are targets.

- I understand that properties go to auction, but what’s the process like from start to finish? 

I'd imagine at that cost you'd either be buying just a shell of a property or raw land.

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?