Quote from @Christian Artuso: Quote from @Wale Lawal: @Christian ArtusoSince you're based in Chicago, consider networking with local investors through meetups, real estate investment groups, or BiggerPockets forums to gain insights on the best neighborhoods and strategies. 

In one case they used a notary at the local US consulate.

But being a local it seems like the prices are only going higher. 

Yeah I’d be more comfortable investing locally but I’m going to begin analyzing deals.

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

Cracking and structural problems occur because the sinking of the home is not being 100% distributed but usually only localized causing an imbalance. 

Connecting with local investors and agents can also help you identify the best markets that fit your goals.Good luck!

I reach out just to help as I'm a local agent/investor here in the area; and my focus is primarily on investment properties with my clients.

Hopefully a local wholesaler can chime in to connect.

Renting the PropertyIf your parents rent out the home, they have multiple income-generating opportunities: Renting As-Is: A 4-bed/2.5-bath home in a desirable area could command a high rental rate, likely around $2,500–$3,500/month, depending on local market conditions.