Peter Lynch in his classic investing book One Up On Wall Street essentially says the same thing, he says invest in what you know. 

Chicago area investors buying 2-flats - There’s no shortage of classic Chicago 2-flats for sale around the city’s many neighborhoods, and if you’re willing & able to buy and renovate in a rougher area I can see how the finances may work, but I’m having loads of trouble making the numbers work in more desirable areas.Are there any Chicago BP users buying 2-flats in areas like Wicker or Humboldt Park, Bucktown, the Milwaukee corridor up through Avondale, or West Town/Ukrainian Village?

All told, maybe I had invested $2,000.Then I made a classic mistake.

The classic BRRRR means finding a below market value property that has to be purchased with cash because the the house is in disrepair.

For estimating rehab costs there is always the classic by J Scott The Book on Estimating Rehab Costs.

So this starts the classic chicken-and-egg scenario. 

The classics are non- owner occupants and 30 year+ owners

It makes everything so much cleaner and prevents the classic, "I don't remember saying that".

@Justin Moore - Here is my "starting up" collection:Read ideal-vs-desperate-investor (http://greeneincome.com/index.php/2018/10/29/ideal-vs-desperate-investor/)Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.

Predatory lending is another issue, your intentions of who cares if they buy is classic predatory dealing, it is absolutely the wrong attitude on BP.