Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

My wife and I have good W2 jobs currently so we get better terms with traditional lending in comparison to DSCR lending. 

Probably not a lot of advantage to small MF vs single family so I would stay open to both. 

Every single one of them has either said no, they didn't, or "I didn't know that was an option." 

Most users of VRBO have one single 5-star review, thus our threshold is lower. 

But if you are operating a single unit, realistically how long can you wait for that tenant to be caught up?

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k for a single family (or $200-250k for a multifamily) purchase price.