This is true.

In your experience do those rental comps hold true if you go North of Addison (specifically Irving & Kedzie area).

Very true and we were kind of thinking about that 3 year time span as well.

This price range makes cash flow neutrality challenging, especially in desirable areas like beach or lakefront properties.

I started investing locally and have kept expanding after moving out of state, so I’ve got experience navigating the challenges that come with investing from a distance too.Detroit has its challenges but also some of the best potential for cash flow combined with affordable entry points.

Challenges?

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

Thats so true

Partnerships can be beneficial, but they can also present challenges if not structured correctly.

Challenges?