At least comparatively to properties in California, Washington, Montana and Idaho, investors seemingly still get a lot of value for their capital. 

We're also starting to scour other forums for possible investments outside the traditional MLS sites, and other areas like upstate NY. 

A unit within walking distance of the Blue Line in Wicker Park might rent for $2,200/month compared to $1,700 further away.10.

What are the challenges of passive investing as opposed to traditional real estate investing? 

You want to focus on areas where you have a competitive advantage (you have lived there or you have family and friends there) and then compare those areas against widespread list of great areas to invest.Good luck!

Are they offering competitive rates and terms compared to other lenders in your area?

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

I’d suggest you dig into the numbers, compare it to what a regular sale would give you, and talk to someone who specializes in this type of deal.

Additionally, when comparing whether to build a single family portfolio or a comparable multi-family portfolio, you should also keep in mind the transactional costs involved.