A 3-unit in Wicker Park - when rehabbed nicely - can be worth a LOT of money.

I've learned a lot over my time investing in small towns and have found some great opportunities but just like any other niche market you better learn what you're dealing with or you'll get burnt.

We’ve been working towards this for a few years, and it is very exciting to finally see the fruit of our labor!

If you want an easy way to visualize your rental finances, there are some solid bookkeeping apps and spreadsheets that can automate a lot of it.

- What are the rents in the area of the house?

Not a lot of our competitors offer this but it's something we can consider (but for us, it can't be in a rural area, the loan amount must exceed $150k, if we're using PadSplit income (or STR/MTR income) the max LTV is 75% and the down payment must come from your own funds). 

My guess is upon big terminations is there will be a lot of leases terminating early (?)

I figured DC would be a great area to invest in because it attracts tons of young professionals.

You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.

I consumed a lot of Pace's content and eventually saw this video with Kevin Choe and Josh Boenzi.