Pick a solid B-Class suburban area.

Also if you buying an older home unless absolutely sure you have a new waste line.first thing out of the block is a sewer scope.. much better to deal with that before tenants move in.sewer may work when inspector flushs toiled once or twice and runs the water for a minute but when house is put into full service and you get a back up.. you now have an emergency plumbing issue that will be 2 to 3X as expensive if you just put a new one in while under rehab.. plus it will last the life of the investment.. the number one issue with rentals is plumbing.. so take care of if prophilacticaly

Pick a solid B-Class suburban area.

We had a very clear easement written with a solid maintenance agreement.

@Daniel Dietz Those are some pretty solid terms for a commercial loan.

Many of them will just waste your time as well as their own.

Deciphering what’s actually solid and legit information is the hard part.

I want to invest in the Chicago market, but it seems so expensive to find a good duplex, triplex, 4plex.Does anyone have any suggestions how to go about securing a good solid first deal?

But all that to say...if you meet the qualifications it can be a really solid option depending on your situation.

I think those areas are not particularly the place to start.IMO I would use the models provided by BP, and find a nice base hit, ie a nice property that has a solid but not super return.