You can certainly execute the BRRR strategy in this area, like any other area you need to buy right and have the right information on the specific location.

Each option has its own benefits and drawbacks, so it's important to research and compare to find the best fit for your specific situation.3) It is reasonable and possible to turn your grandmother's property into a profitable vacation home, Airbnb, or rental property through the construction of a duplex.

However, it does come with some specific rules and procedures to follow.

Some specifics about the unitsAll 8 units are adjacent to each other in a row.

It also abides by the residential landlord-tenant ordinance, which if you use other leases is where a lot of things can be missed.So while I don't recommend using it without understanding it, it has been pre-vetted by attorneys so is actually a pretty good lease to use for anyone new or old (but specific to Chicago)

In the few times I've looked into it before, the single apartments I saw (via a broker) were not profitable after tax.Any specific questions?

I'm monitoring the rental situation on Zillow, specifically in my focus zipcodes.

Consulting with a financial advisor or real estate mentor who understands your specific goals and circumstances can provide valuable insights tailored to your situation.

It may be beneficial to consult with a contractor and real estate professional to assess the best option for your specific situation.

They have a blacklist which they're going to make public later this year but in the meantime a good mortgage broker can advise you on the specific buildings.