It is true Chicago has relatively high cap rates for being a world class city though but most of our 2-4 units are in 500k+ range and houses 300k+ range. 2-4 units are what's popular with a lot of people house hacking the north side.

Highly recommend especially in popular markets! 

I think in many areas it's un-popularity of condos vs lack of financing alternatives.

Single families are our most popular rental across the board, and because your tenant will be responsible for all utilities (including water), lawn and snow your return can be similar to some multi-family properties.  3/1.5 in Bayview can still have a pretty large rent range depending on which side of KK you are on and finishes. 

It seemed like a no brainer to get a place and rent it out in the most popular vacation destinations in the country.

As far as flips go, they’re popular around here as well (FWB, Crestview, Niceville, Pensacola, Panama City).

Land in a popular location or spot that could be the sitefor future development can pay off handsomely in the future.

Contrary to popular belief, this is not set because I believe it will give me a higher return.

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

Unless you've been doing commercial leases for a while and earned your stripes in the legal world of lease negotiations and litigation, I'd HIGHLY recommend you get an independent party to look over the lease.Recently I signed up a national tenant that was taking up about 2% of a very popular plaza I own.