need to get a better range on your ARV and not enough info to judge. 

It is not that good at the price point of DC or in my market (but better than my market).  

It will get better.

City won't let you rent out basement, but owner can live in basement.It may suck for 1-2 years, but then you'll have gained so much knowledge you can do better on the next one!

The main differences are that you have more control, better tax advantages, and the power of leverage on your side.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

Way better than that Roofstock PR guy who left Roofstock recently.

I love talking about this stuff so much that my kids complain about it constantly, so I thought helping other people understand some of the general contours of the industry from a legal perspective would be a better outlet than lecturing teenagers for a fourth time about what a defeasance is!

Quote from @Shiloh Lundahl: This mistake is in thinking one can time the market. 2012 was a better time to invest than 2019, and 2019 was better than 2024.

You should connect with @Brie Schmidt as she knows and understands the Chicago zoning laws, but my gut instinct would be that you would be better served looking into a duplex down scenario.

Develop your negotiation skills so you can secure better pricing, seller financing, or terms that increase your bottom line.