More seasoned investors, who have a better grasp of external factors and market dynamics, find C areas more appealing due to their higher potential for cash flow and equity returns, albeit at a higher risk that requires greater expertise and understanding.

@Felicia WestWhen choosing a down payment for a traditional mortgage, consider factors like risk tolerance, scale, and financial goals.

We designed it so no windows look into the main house.

Have to factor in vacancy, PM fees, maintenance, repairs, turnover, cap ex, etc.

The Landlord may consider all factors in granting or withholding such consent, including the potential assignee’s or sublessee’s financial and credit history or lack thereof.

The exact percentage depends on factors like your credit score, the type of loan, and whether you’re buying single-family homes or multi-units.A few tips:Research both markets thoroughly (Southern California vs.

There are a lot of factors here, but feel free to let me know what goals you have and what areas you are looking into and see if I have any localized advice.

I've been educating myself through books and podcasts on topics like sourcing off-market deals, deal and property analysis, creative financing, and title reviews.My fiancé is an architect that works with GC's and structural engineers to design homes ensuring they are functional, aesthetically pleasing, and safe- which I hope will help me navigate this space as I grow my knowledge.

Research local rent trends, the tenant profile, and how seasonal factors (e.g., university students, tourism, etc.) may impact demand.7.

@Jonathan Klemm thanks for the mention@Ali Farhat Jonathan is correct that you may still have some opportunity depending on the Zoning designation for the lot, and how many existing units are Legally Recognized by the City.You can Check the Zoning Designation here on the Chicago Zoning MapFrom there, you need to check the requirements for your lot based on the Chicago Zoning Ordinance (Note: RS-3 does not mean 3 Units.