Is the criteria of 1% rent unrealistic in Chicago?

Air BNB, since it's in SoCal I thought about doing photoshoots etc.I don't think my goals are unrealistic.

I'd say a high interest savings like Ally 1% or so is better than nothing, I wouldn't go into the stock market with a time frame that short, others may suggest private lending but that may a bit advanced or unrealistic for someone just starting.

No, sorry, you should find your own deals ... it is an unrealistic and unwise expectation IMO that you should be able to casually waltz into any market and pick something up right off the MLS that is going to consistently net you great returns throughout the lifetime of ownership ... such "deals" like that are ones that all of the local investors have already long since picked over and rejected, and if a property seems as such it is probably because you are not familiar with investing and/or the market and you are missing something as in the example above.

I don’t want to acquire my 1,000 units in NYC, that’s almost unrealistic. 

Not to throw the entire industry under the bus, but I do see lots of reckless wholesalers doing exactly as you described, offering deals with crazy high ARVs and unrealistic rehab budgets and trying to unload them quickly. 

He's telling you that you are unrealist....per his standards.

Seems to me that your strategy is a bit aggressive, even unrealistic.

I have found that their ARVs are unrealistically high, but their repair estimates seem reasonable.Their business model is identical to another Texas based company, so one of the companies is just copying the other...

.:)Investors are tough to work for.. when I owned my retail brokerages I would encourage my agents to pass on all the newbie investors as they are time sucks  can't make a decision unrealistic in what things should sell for etc.. so two sides of the coin.Folks get into real estate sales for a number of reasons..   1  chance to make above average income2. freedom of an independent contractor  3. access to deals before they hit market  4 .. retirement real estate something to do  5..