Are there any tips you might have on sourcing great deals, deal structure, and how to know whether LTR, MTR, or STR is the best route to take?

Hey fellow suburban Illinois BPers - Not sure if this has been sent/shared previously, but thought it'd be good to recap - Chicago Agent Magazine recently reported that suburban Chicago was ranked the second-hottest rental market in the nation (Here’s the article.).This confirms what a lot of us have seen: demand for rentals is really strong in the suburbs right now.

Is this the case for all states?

Really found this useful!

Hope this helps @Blake McWilliams

Appraiser's learned a valuable lesson in 2008 when they were accused of being one of the causes of the great recession.

This conveys confidence and ensures you don’t end up overpaying or taking on unfavorable terms.Negotiate More Than Just PricePrice isn’t the only factor in a deal—other terms can often be just as valuable.

Investigate and do your due diligence.  

What tips do you have for someone just getting started?

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.