Call agents/property managers in the area you're looking to invest in for real time stats like rent and pricing info. 

Hey Lauren just sent you a connection request, I'm an agent here in the DFW metroplex and specialize in working with investors.

I suspect that will be the rate in the auction coming up in May.

@Will Almand, I would argue quads are always going to be in high demand.  

I would be patient in general and not slash prices.

You can find that most places in the country.

There is a great group of us who invest in the NL area if your looking for some folks to connect with.Now to your question, you'll find rent prices vary quite a bit in NL depending on what area of NL, but I'd be happy to give you our averages.1, 2, 3 would average $1150, $1300 and $1500. 

As the 3rd largest MSA in the country it's hard to generalize the Chicago market as it's actually over 100 different submarkets when counting the 78 communities in Chicago property and then adding in the various suburbs, including in and around Naperville. 

The skill comes in sourcing deals that arent only on the MLS.

Not sure I'd recommend jumping straight into a flip, but if you're buying in cash you'll have less risk.