Target Low Vacancy RatesChicago neighborhoods like Lakeview and West Town boast low vacancy rates, meaning fewer empty months.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

@Bonnie Low this is great info and exactly what I was looking for.

That ship of low rates that sailed could come back?

Most of those old houses with the upstairs ceiling rooms are just about 7 ft in the middle of the room but they go down to as low as 3 ft.

I will say that during that time, the HELOC interest rates were very low.  

✅ Pros: Lower costs, better cash flow, diversification, scalability⚠ Cons: Harder management, reliance on local teams, financing challengesTips:Visit the market first and build a trusted team (agent, PM, contractor).Choose landlord-friendly states with strong rental demand.Consider a low-maintenance property for your first deal.If staying local, you gain hands-on experience, but out-of-state investing can work with proper due diligence.2.

*Look for properties where you can gain immediate equity by buying at a low price.

The current rents are really low because the tenants are responsible for doing any and all repairs on their buildings (which in my opinion contributes to the poor condition of the buildings). 

This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.