Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

I know a young lady that just did that in my market, so she was licensed just days after her birthday.What are you planning to do with the license?

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

The plan is to purchase a new home & keep current as a long term rental.

The plan is to keep operating the property as a PadSplit post-acquisition.

I plan to put down $50,000 and expect to net about $300 a month from it.Does anyone have other options or advice that I should consider?

.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

@Andrea Lucarelli - We are converting our planned airbnb into a mid-term rental here in Chicago because it got denied by the city because supposedly its in a "planned development area". 

Of course the high crime statistics cannot be ignored in these cites, however I'm planning to buy only in the nicer/low crime neighborhoods which hopefully eliminates most of the crime risk.I was wondering if any of you could provide feedback on comparing these 3 cities.

I plan to call lender on this but don't want to wave any red flags. thoughts?