Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

I personally know several blue-collar millionaires from HVAC techs to plumbers.

The path you mentioned is very dirty and blue collar.  

If you don’t know how to estimate repairs, I would recommend using a tool like Blue Hammer.

I prefer investing in multifamily deals directly, REITs, and blue chip dividend stocks personally.

A unit within walking distance of the Blue Line in Wicker Park might rent for $2,200/month compared to $1,700 further away.10.

Are you pretty close to the blue line?

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

We like Blue Shirts.

The majority of homes in Cape Coral sustained some type of damage.  3 months after the hurricane, there were still blue tarps everywhere, debris at curbsides, fences and boat docks down, etc.