Continuous learning is essential, and networking plays a crucial role in this industry.

I think this could play into a strength in terms prospecting and finding deals.

Conduct market research to determine competitive rental prices for each unit based on other split-unit rentals in the area.

Based on the Opex the seller's agent provided it's $134k which implies the Opex ratio is ~21%.

Appreciation (based on their calculations) is mixed:Unit 1 (LTR) - 36% increase (owned for 29 months).

Of course i understand not everyone can just change dates like I can based on their job..

Chicago basements/adu's are so tough to understand.Have you had any instances where some areas were slightly under 7' and inspectors made the owner/contractor rip out the floor because it was not adequate?

My primary question is: Should I focus on buying a multifamily property and growing slowly to build a stable financial foundation, even though my area would have minimal cash flow and be more of an appreciation play?

If the rental license has been active within 3 years, you will be able to apply for a new rental license even if the base zoning is not compatible with a 2 family use.

In particular, fair housing issues may come into play when a husband and wife or "couple" apply jointly.