There’s good news regarding your dream to open a Chicago area sober living home is that you would not be the first to do so, & there are literally hundreds of smaller mom & pop style SLH’s in the area that are currently operating & would be more than willing to help guide you through the process so you don’t have to go at it alone (now I sound like a sponsor), also there are numerous Federal, State, City, County, & private grants, benefits, & tax deductions you can receive to help you get started & operating. 

I'm lost by your question but you want to focus on the income method to determine value.

Sure Yusuf, that's a very tried and true method of real estate investing that has done wonders for a lot of people.

I want to leave the method ( flip, brrrr, buy and hold, ect...) open to the specific property and circumstances. 

I want to make sure I have current info.As the title said I am looking for the best method of converting my 401K for Real Estate investing, SDIRA LLC, Texas SDIRA Series LLC or Solo 401K.From everything I have read I am leaning toward the Series LLC but it seems the Solo 401K has some advantages although I am not sure about liability protection. 

And their voters who are renters are always going to be louder and much more numerous than we are.The other sad irony is, just like @Adam Martin mentioned, in the long run, they are just setting renters up for escalating prices when they make owning rentals riskier and more onerous with laws that are much too heavily one-sided.As an example, my New Orleans market has been at a crisis level for years with uninhabitable properties. 

I have an investor I'm working with to help locate a property to use the BRRRR method.

We operate in over 12 different states, and can help guide you on connecting with the right people depending on the market.We've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

If your ultimate goal is to build a portfolio then the BRRRR method is the way to go.

@Daniel O'Neil the risks involved with the BRRRR method depend on how much capital you have.