So, to get 10+% cap rates, are you open to buying gut-rehab, Section 8 properties in C/D neighborhoods in the Midwest?

Portage Park is definitely a prime-time Chicago neighborhood @Delroy Watson! 

If you are neighborhood agnostic, sure, but the type of property you are likely considering will look like an underwriting dumpster fire.

The biggest question I would ask is how well they know the area such as neighborhoods and do they have connections to building a CORE 4 such as great contractors, property managers, attorneys, etc

Additionally, we have equity of approximately $145,000.Now, we are faced with a dilemma: should we sell our current property and purchase in a more favorable neighborhood, or should we rent the house and let it pay for itself.We would greatly appreciate any advice you may have.

Make sure they are "investor friendly" and well connected in the neighborhood.

It is helpful to have your eye on neighborhood changes as well as being able to get there quickly if needed. 

Even the drop down menus for the forum subgroups are not organized that well.3.

How much larger of an organization do you want to run8.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.