I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio. 

Some focus purely on numbers, while others look at long-term value, location trends, or creative financing strategies.For those of you investing in Chicago (or similar markets), whats your mindset when evaluating off-market opportunities?

My name is Adam King, and I am an avid real estate investor and life long San Diegan!

We love investing into properties that we can hold long term and we have been fortunate enough to have great tenants through our intense vetting process that stay with us for long periods of time.

There is a $340 difference but if you had to put down a 15% down payment that means you would be putting down $30,000 more at closing which would be left in the property unless you held it long enough to do a cash out refinance ($200,000 x 15% = $30,000).

If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success. 

I think most people would agree that a single family home is better than a condo for a long term rental.

With its rich history and revitalizing economy, the city offers unique opportunities for long-term growth.

The last point that I would make is you need to get into 3-4 pillars of the business that you will have for the long haul of real estate.

Quote from @Josh Dickson: Hello all,I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk.