Value of land?

Single family usually doesn't make much sense from a rent/price ratio in A-B areas unless you are doing a rehab.

What area of Chicago are you looking to invest in?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

I have some concrete pads in the back of some of my homes, and I have added Costco type storage units to rent it out.

Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.

LTR Single Family Rental What made you interested in investing in this type of deal?

Buying a single-family home with a detached garage and converting it to an ADU is much simpler.

If they qualify as tenants, you might need to honor tenant rights or negotiate a settlement to vacate.Market Potential: A two-family home and a single-family unit could be a great income-generating property post-rehab or resolution.

Some of which may not be the intent and may in fact be illegal.