To start, I closed on an 8-unit building in the Hermosa neighborhood of Chicago on Nov. 23.

I lived in LA in the 90s (Hermosa, Redondo, & West Side). 

I was shocked when I looked up the LA crime map and saw Hermosa Beach in the red.

(Hermosa Beach, Whittier in LA county) Plan on staying.

Hermosa beach showing higher than average.

Case in point is Huntington beach or Hermosa beach where 4 plexes can run around 900k to 1.2 mil average for a C class type of building and cash flow will barely gross enough to even handle all of the mortgage taxes insurance and MI even if you managed it yourself and moved out.

I would suggest targeting NW Chicago neighborhoods such as Belmont Craigin, Hermosa, Portage Park etc and SW Chicago neighborhoods like Lower West Side, Marshall Square, Bridgeport, McKinley Park, and Brighton Park because the taxes tend to be much lower.I think BRRRRing is a good move for the 3rd or 4th property since oftentimes for a first time investor BRRRRing in practice can be taking on a little too much and there's more potential for things to go wrong since there are more variables involved - buying a distressed property (cash/hard money), getting multiple rehab estimates, correctly estimating the ARV, placing a good tenant, and refinancing.Like @John Warren said there is a lot of potential in Little Village if you're looking for relatively cheap 2-4 units (2-flats <$250k) however the area is C class, the buildings are on average very old, and oftentimes have a decent amount of deferred maintenance.

I’ve personally considered East little village, West Humboldt Parky, McKinley Park, and Hermosa.