Lenders offer favorable terms for owner-occupied multi-family homes, making duplexes a good option for financing.

Here’s a breakdown to help you navigate your first deal, incorporating advanced strategies, including 1031 exchanges, to attract a broader range of investors.Neighborhood Recommendations: Chicago offers a diverse range of neighborhoods for different investment goals:Wicker Park & West Town: These areas are known for their strong rental demand among young professionals and offer good potential for cash flow.Lake View: Ideal for attracting tenants who want to be close to downtown while enjoying local amenities.The Loop: A prime location for high-income renters, making it an attractive option if you’re planning to house hack and generate a steady stream of rental income.Property Types: Opt for properties that align with your investment goals.

Try to narrow down your options to the top 3-4.

Additionally, house hacking isn’t an option as I have 3 young children. 

One option is ServiceLink, which provides auction services and maintains listings for properties that have been foreclosed and are now available as REO properties.

He can however instruct you what your options are throughout the transaction.

I understand the concept, I own some REIT, but I wanted to tap into more hands on investing, and perhaps build wealth faster as BRRRR allows for that using 75% loan to value options, etc. 

They're definitely an appealing option, especially when long-term rentals aren't cash flowing as well.

I am inclined to this option as it would allow me to return home to assist my parents and save money while pursuing my law degree.- Does anyone think this is a sound idea?

I'm looking for a skip trace platform and seen these two as an option.