To make an informed decision, run the numbers, investigate HOA rules, start networking, save strategically, and explore suburbs with affordable homes.Good luck!

The regulations in Chicago can be quite overwhelming, so I’m looking forward to exploring the opportunities in this area. 

Your drive to learn and network will be invaluable as you explore creative strategies that maximize returns and minimize upfront costs.Feel free to reach out, ask questions, and share experiences this community is a great resource for learning and connecting with like-minded investors.

Perhaps a strategy to explore would be to buy in cash, exploit the buying power and get a better deal, stabilize the property over 12 months, have a better assessment of the properties expenses, then finance the property. 

What types of real estate investment strategies are you most excited to explore?

Read our copy & paste advice below on better screening for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Furthermore, these clients are more likely to cancel agreements or refuse to extend agreements once you begin working with them.I am all for innovation and exploration but in my opinion, I don't see how this model would be profitable. 

One thing to explore is Equitable Ownership.

Even with a lower prime rate, the affordability boost is limited if home prices remain elevated and rents don’t increase proportionally.For investors, this might be the time to get creative: value-add strategies, BRRRR, or exploring underserved markets where rents still have room to grow might help improve cash flow potential.

I too am from LA, and I've been exploring and talking with different TK companies for my first REI purchase.