I generally agree that buying SFH as first investment is an easy way to test the waters; however, if you’re set on REI I suggest buying a duplex or quad.

So, if you buy an older home it's typically much cheaper, since you're not paying much for the structure. 

Buy not many people can do this and it requires very good book keeping.

Investment Info:Single-family residence buy & hold investment.

Is there a buy out plan?

Quote from @Veronica Mitchell: I'm looking to see what are some of the multi-unit in and around Chicago area to buy in? 

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!

If you don't want to put a single dollar down then you can just structure a 100% financing with the sellerHey Ko, it’s nice see you again.I’ve spoken with the seller and they want a 10% down.I think I’m going to wholesale this deal if I can get good terms, but every once in a while I come across a good deal that I would like to purchase as a buy and hold.what type of loans would you recommend for traditional buy and hold? 

Would you buy it?

Not if you buy 10 at just the right time to hit their sales target.