@Rahel KetemaI work in the commercial HVAC world as a salesman for a major manufacturer in the US and I have sold many residential furnace splits and ductless split systems in NJ/NYC, so temp wise similar to Chicago.Everyone has provided some good points and some to ponder.The upfront cost is going to vary based on the heat load of your space and the layout.

I’m not aware of major plans for that specific neighborhood, but it does abut and is near very major planned and ongoing developments (Ybor Harbor, Gasworx, Ybor District, Channeside/Water Street).It will garner more interest as more progress is made on those developments.

I work with new construction duplexes in Indy that are a great fit for investors looking for turnkey options without the headaches of major repairs.Feel free to reach out if you'd like to chat more about how to get started in 2024 or explore some out-of-state options.

While not  a major cost, something to be mindful of. 

I just suffered a major fire that my tenants caused.

I'm not sure if I will when the lottery, but wanted some information before I commit myself to a major fixer upper.

Limited appreciation, old housing stock in need of major capex, population decline in many markets...Can you pick a market that's a couple hours away so the price point is lower, but you can be in-person and hands-on?

The vast majority of my DSCR loans have no pre-payment penalty. 

North Austin, near major employers, has strong rental demand.Good luck!

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.