Oh, and check your local rules about short-term rentals so you’re good to go.Ready to dig deeper anytime! 

But I may need to dig a bit deeper or expand my parameters.North side of Chicago is overpriced.

Let me know if you want to dive into any specifics.

It's great that you're diving into flip!

It’s exciting to hear you’re looking to scale up into larger multifamily investments—financial independence is a fantastic goal, and it sounds like you’re taking the right steps to get there.It’s great that you’re already focused on assembling a team and diving into market analysis.

Diving into STR platforms like Airbnb and VRBO are definitely on my to-do list as I start narrowing things down. 

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects .. 

For you 1st property, probably a good idea to start with something that's more turnkey / light cosmetic work needed before diving into full renovations.

First off, kudos to you for building up the savings and diving into the multifamily market with an FHA or Fannie Mae loan.

For example a property with a $100,000 door cost and very little capex is going to be a much better deal than a property across the street that is $80,000 per door but has significant deferred maintenance.So the analysis is preliminary and either can be used, but at end of the day you need to deep dive into the entire picture.