Hey there @Chris Baek - I think the simple and true answer is that it depends...The best area in Chicago depends on what your goals are as an investor. 

Adding value will slow and heavy on sweat, dependent on cycling through several seasons of seeding, planting, growing.

It really depends on your goals.

Again just covering my bases...thanks Depends on the deal.

Depends on your criteria but generally speaking yes, that’s more than enough depending on the market.

Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

I can only say that from our 100s of clients in your situation who are helping family in India and Pakistan own in the US, it widely depends what rules and regulations to follow based on your facts and circumstances.

Depending on demand, it may or may not make sense.

If you wait, the next time will be a bigger jump and the shock and risk to losing the tenant will be higher.It can be a small %..like 2-4% depending on how things have gone with the comps, but it should go up.

It will really depend on where you are and the labor costs .