Quote from @Richa Wardhan: Regular lender financing, we have paid off 70% of our mortgage on the primary residence so we were loaned money without any issue. 

Investment Info:Single-family residence buy & hold investment.

There is risk with this approach that the tenant can have short residence or leave in Nov to January.  

Investment Info:Single-family residence buy & hold investment.

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

I don't think anyone goes to CA to invest, but a lot of residents invest local to keep the home-field advantage which is a valid point..

Hi @Dawn Bertrand, I'm sorry that you feel this way about your experience as a resident of JWB. 

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

Investment Info:Single-family residence fix & flip investment.

I don't mean to throw shade at my fellow Illinois residents, but I'm quite bearish on this state for the long-term.