Quote from @Christian Artuso: Quote from @Wale Lawal: @Christian ArtusoSince you're based in Chicago, consider networking with local investors through meetups, real estate investment groups, or BiggerPockets forums to gain insights on the best neighborhoods and strategies. 

There are people located all over who could help you locally. 

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

Connecting with local investors and agents can also help you identify the best markets that fit your goals.Good luck!

I think their logic was that a family with 12 people (parents and 10 boy children) would have difficulty finding a suitable house with say 6 bedrooms.In addition to the Federal guideline, some local ordinances address occupants both tenants and owners. 

If you paid cash for the foreclosure, you can get a construction loan at a local community bank or credit union. 

Cracking and structural problems occur because the sinking of the home is not being 100% distributed but usually only localized causing an imbalance. 

You are competing with local investors.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

The towns that we know well and have local insights in.