Midland – Oil can impact market stability here, but it’s possible to find lower entry prices, making house hacking more affordable.3.

That might give us some ability to sell our ADUs separately  Ab1033 has no impact.  

I bought my first 2 flat in Chicago in 2022 a 203k fha renovation loan, moved in early 2024. March 2025 will be my 2 year mark. Most of the renovations we did were upstairs for the tenants unit (duplex up). Added a be...

I’ve been working in this space for over 20 years, and I’ve seen firsthand how choosing between neighborhoods versus suburbs can significantly impact your returns.City Neighborhoods: Wicker Park, Logan Square, and BridgeportIf you’re eyeing Chicago neighborhoods, I’d suggest considering areas like Wicker Park, Logan Square, and Bridgeport.

The reality is that the tax impact and ability to take ANY losses (as Michael mentioned) is based on a number of factors that include whether or not it is a "separate dwelling unit".

To me, mid-tier houses are likely one of the best long-term appreciation investments because they are sought after by so many people in that market, a smaller percentage of people can afford luxury houses and also they may be more volatile but there's always demand for the mid tier price range for the average Joe.I consider myself a serious investor, my LTR's are in a place I would otherwise never travel to, my own preferences and opinions on the location are meaningless as this is purely a long-term investment decision for me and I won't allow personal preference for a location to impact my decisions.

I seldom sell so I would keep the property even though the low LTV impacts the return.  

It’s important to weigh how much that impacts your tenant base, especially if you’re planning to rent to families.

You could have sent him to collections and this would destroy his credit, which could impact his ability to purchase a home, qualify for a car loan, and possibly even cost him his job.

Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?