@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

I’ll be sure to keep looking into everything you mentioned.

Personal usage will limit the loss in 2023, as mentioned in the reply.

I started by looking over the numbers and used the Annual Rate of Return formula, along with the Cash-on-Cash formula that are mentioned in earlier chapters of the books.

And beyond all this, I don't see 1 mention of what value you bring to any of it, just a lot of talk about how to make $. if making $ is your focus, your gonna fail.

Being that rates are up it's another way to offer exatly what you mentioned; the chance to own for a couple hundred bucks more than renting.Thoughts?

If you see at least a few zoned in the designations you mentioned above, that's potentially a good sign that you can get support from the local Alderman's office, and approval by the ZBA (zoning board of appeals), to rezone.

You mentioned you haven't purchased an investment property before or been involved with seller financing transactions.

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

@Jerry Velezstrongly recommend against doing this.start with a house hack instead.make it your mission to house hack.did i mention house hacking?