Ok so a diff path then my previous post.I also wanted to invest in real estate but just assume( and bet is probably true) that most of the people that find truly good investments have  either or all of the following the most "average joes" don't:1.

In states like Indiana, Ohio, Texas, Florida, Tenn, Georgia and a few others you do not have to pick appreciation or cash flow.

My question would be is a 6 cap the going rate in the area for that building.

I'd recommend having enough to close on the deal + rehab + $5k in reserve as a minimum. 

What I was trying to say in my response is the units will be easily move in ready on delivery of the property. 

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

Highly suggest coming out to some of the local chicago IN-PERSON meetups! 

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.  

But higher tax rate in PG county. 

Hi all - I've been in the CRE and SFR investment space for 25+ years primarily investing institutional capital.