I'm in the process of finding my 1st property - targeting a 3BR condo or small multifamily in Chicago (B or B+ neighborhood) that's within walking distance to a Blue or Brown line L stop.

Let's just agree your target market segment is real slim on these.Now that is the case with distressed homes, but there are also 'motivated sellers' who just do not have time wait 45 days for your buyers with VA/FHA loans to close. 

I want to target leads in a specific area. 

Easier to repair everything while empty, but I’d also start advertising and getting the interest.

In my experience, State Farm has lower rates and the entire process is soooo much easier than the more conventional lenders.

You may not yet see the value and importance  in the advice I will give you ow.. but.. the best thing to do right now.. is get a killer domain name and set up a website targeting motivated sellers.

After that’s all set up it’s arguably easier than buying locally as your team doesn’t most of the ground work for you.

I’m a little new to this thing but I there our a few vacant properties around my area that I have been targeting.

Invest in Single-Family or Multi-Family (preferred) properties with a minimum of 10-12% ROI w/ no more than 20% Down-Payment and a target income of $150 per door @ 100% financing (used for conservative calculations). 2.

How much would you need to invest to achieve your value add target?