Always remember that in your proforma the expenses could be different, if you can lower the costs (in my example, you might be able to get a quote for $275 per door from an insurance company, but this is in a later stage of your analysis).Hope that helps!

Note: Remember that (depending on your down payment) FHA loans require PMI for the LIFE of the loan now.

I am 25, originally from the northern Chicago suburbs, and will be moving back home in about a week.After a lot of reading/listening, I have "decided" that I want my first investment to be a house hack on the north side of Chicago, ideally in Lakeview/Wicker Park/Logan Square/Bucktown areas, but I'm open to other neighborhoods. 

A duplex, tri-plex, or even four-plex would be ideal.

@Jenny Jones Remember that date night done that way is also a deductible business expense :)

Not all rents but enough that investors lost properties in record numbers.rents in Portland held did not really go up or down.. but Commercial got hammered I remember coming back from my exile in the deed south and going to dinner one night at my favorite Chinese place and the strip mall was 80% dark... go today and its 100% full.. 

Remember, you have legal rights that prohibit a forced dual agency.  

Both have outlying areas that are ideal for what you're suggesting.

Remember the only people who lose money in a crash are those that sell.

Going in I knew it was tenant occupied but on a month to month (but paying weekly) and it was a fast close and typically I deal with any inherited tenant situation while still in escrow and have some kind of contingency/agreement in place for that but I bought through a wholesaler this time and it was basically a no contingency deal.