@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It's terrifying to think how fast it can spread with that kind of force behind it.

Air Force basic training happens here, so every week there is a big batch of families coming to see their kids graduate. 

With your background in the Air Force, MBA, and construction, you're in a great position to launch a real estate venture.

The shorter the prepayment term has an impact on increasing the rate.4.

Chicago need another million people in population to force us to push south.   

The impact of not having F/f financing is large (>10%) if the appraiser recognizes this potential issue.  

While I understand the risks associated with investing in areas unfamiliar to you, my budget forces me to do so.

Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  

For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.