For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

That's a fantastic way for military folks to build wealth through real estate.

Context-This property is located in Northwest Suburbs of Chicagoland near a large hospital, Metra Train Station, a fantastic school district and very affluent neighborhoods with a couple million dollar plus homes. 

@Hayden Done1) Find a rockstar local realtor2) Get pre-approved for a loan3) Go shopping House hacking is a fantastic first step!

Lots of 1% rule properties here and the appreciation is fantastic due to the job and population growth.

I think your plan is a fantastic one; however, one thing I'd say is that if you are unable to find a duplex where you are right now, it is totally ok to move to where you can found a duplex is (this is all about sacrifice). 

I have used Zillow and Zillow Rental Manager, and that tool is fantastic as it helps with the background check and tenant screening. 

My friend June Daniel's is a fantastic realtor up in Big Bear.

Katy is a fantastic market but you still have to know what you're doing!

Your risk is minimal and the property could yield fantastic cash flow.