Congrats on your lot purchase in an awesome Chicago neighborhood like Humboldt Park.

For instance, in places like Austin or Chicago, I’ve noticed similar deals pay off when you have the right property management systems dialed in.

After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.

My wife and I live in Chicago and vacation in San Diego every year.  

If you’re open to exploring outside the Bay Area, markets like Milwaukee, Chicago, and parts of Indiana offer strong potential for flips and rentals.

I live & invest in Chicago but recently have turned my head towards Northwest Indiana because of the landlord friendly laws, it's ridiculously costly in Chicago if you have to evict! 

And is it possible to buy a property in Chicago low enough to get 1%?

I have friends who bought in Texas, Chicago, Minnesota and Tennessee so I've been watching those markets. 

As we work in Chicago, we structure our agreement around these concepts.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.