They are citing a lot of inventory competing for the same tenants.

My best advice would be to link up with an agent with access to some off market inventory.

I have a list of them that I can share with you.Chicago, without a doubt, has some downsides, but there are also a lot of positives, like the inventory of older multi-family properties and price points at all levels.Investing out-state can be challenging because of the distance and the need for boots on the ground that you can trust 100%.

You will not be able to get a Conventional (Fannie/Freddie) loan with the LLC holding title.

That is important when considering a conventional conforming loan.

I believe after the holidays the other unit will go quickly.What is the rule to refi into conventional loan?

In multifamily here in Reno, NV (just over the hill), we have seen some great deals with higher cap rates for buyers, but also very low cap rates on some renovated, turn key inventory. 

I'm going to be selling my 2 mobile homes in the next 2-4 years and narrow my inventory to 6 stick built homes. 

That's why we encourage all clients to review their policy documents and send them a Monthly Inventory Report.

I live in Jacksonville FL and Just bought my first Duplex in Ashtabula OH.I have a licensed Real Estate Agent, Licensed Property Manager and two Lenders (conventional and Hard).To be honest this is to be my retirement.