Most of the time, the home warranty takes a long time to approve your repair, reach the property, and then they use low-quality materials.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

But you will never see the appreciation that truly builds wealth, because those low-barrier-to-entry properties will stay flat on the metric that matters: appreciation. 

Target Low Vacancy RatesChicago neighborhoods like Lakeview and West Town boast low vacancy rates, meaning fewer empty months.

Some even offer preferred interest rates as low as 5.75% at no cost to you. 

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

Originally posted for 100k over what the purchase price was I submitted an low offer and received a counter.

Inventory is low and sellers won't budge.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

The negative equity often exceeds $50k but even if I use $25k (it would be rare to have this low of an initial negative equity position), is nearly 2.5 years to recover.