Bryan,This is one of the biggest challenges when investing in C/C+ areas, and it’s even more amplified in D-class neighborhoods.

North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.

Another key benefit is diversification; an SDIRA allows you to include real estate in your portfolio, reducing risk by spreading your investments across different asset types, which isn’t possible with a standard IRA.Moreover, assets in an SDIRA often enjoy protection from creditors, adding a layer of security to your investments.

Joining investor meetups in your area can also help you build relationships with experienced investors who may offer mentorship or even potential partnerships.Finally, don’t underestimate the power of letting people know your plans.

@joel even if you convince the bank,  did you put 5% of your own money down,  or someone else's? 

We assisted you as soon as we could which wasn't even a long wait in the first place......I dont think you understand what livable means.

Will talk with them to verify, but im looking at rates currently from under 5% to about 5.5%.. seems even with their largest LOC its over 6% based on current sofr. 

I have been to RE meetups in the past with like-minded everyday investors pursuing similar goals, sharing stories and learning from each other, running through numbers, sharing network contacts, and even doing deals together.

I predict Albany Park turns into the next Lincoln Square and gets even pricier.

I have had wonderful renters each year, relocations to my area who need temporary housing, but this year have not had even a single inquiry (priced the same as previous years).