This involves thorough research on local trends, networking with other investors and property managers, and finding reliable contractors who deliver quality work on budget.

I have been working and educating myself for many years toward this type of project  Interesting, Is there significant deferred maintenence or is the $150k budget for cosmetic repairs on all 50 units? 

@JT StanfordTo start buying real estate in Chicago, as a first-time homebuyers you should your budget, look at loan choices, talk to a loan broker, check out places like Woodlawn and Greater Grand Crossing, and choose a property type (duplex, triplex, or multi-unit), look at move-in ready homes, work with a local real estate agent, and plan for the future.

I would definitely do some research on what kind of budget it takes to keep the place thriving and so forth.

We could probably charge a little bit more, but most snowbirds are senior citizens on a budget so I feel we're close to the top of what they will pay. 

We have scoured all of the neighborhoods and suburbs in the Atlanta Metro area and most of the sought-after neighborhoods are outside of our budget (Morningside, Inman, East Atlanta, etc). 

Hi Ayyoub-Great question on where to buy a rental in Michigan.When I talk to my investors about buying rentals in Michigan, if you don't have the budget for an Ann Arbor, Lansing is a fantastic market for buying income properties.The price points are very favorable.

Hi Hermant,Here are some notes for you:- Filter Criteria: this will depend on the risk that you would like to take and the budget.

Get rid of debt, build a budget, and save.

The best cities to invest are the ones that fit your budget, time, and energy.