Or your rents are too low, or the condition of the property, or a combination of many factors.

For mainstay American home prices, it will be a non-factor for many years to come.

(A) An owner is not required to disclose the fact or suspicion that a property may be or is psychologically affected, as described in subsection (B).

@Jamie Rost those were some of the biggest factors that jumped out at me.

They will factor in income of the property in addition to your personal financials.

There are several factors to consider, but I think an LLC is often not worth the hassle and added cost. 

One more thing I just thought of which may play a factor.

You can factor 10% for repairs and CapEx which helps your cash flow.Then Option 1 doesn't sound so bad having all of your money back and $150/month.

Now if I just work off my desired profit of $20k and factor all cost in I can go up to $95k which is what I’ve offered after my low ball initial offer was rejected.

I am 25, originally from the northern Chicago suburbs, and will be moving back home in about a week.After a lot of reading/listening, I have "decided" that I want my first investment to be a house hack on the north side of Chicago, ideally in Lakeview/Wicker Park/Logan Square/Bucktown areas, but I'm open to other neighborhoods.