From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

Taxes : Taxes have been a brewing crisis nationwide for sometime, Chicago is another prime example of a major municipality struggling under high debt load.

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

The name (former tenant) looked familiar and sure enough when we looked at the credit report there was the debt from us from 2023. 1.

Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.

Good property management will help to eliminate tenant turnover.  

Any existing debt?

DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.

.- China is issuing record debt to stave off recession, while the US bull market continues (Wallerstein).- Texas vs California Home Construction.

I calculate the returns on the entire investment, since your debt applies to the entire investment.