Some markets (such as UK, Ireland and Germany) are very safe and transparent while many others are not. 

A recent visit to The Avenue (west 36 st) tells me that the area is poised for a renaissance.

We can't be all RE investors.4) I want to point out that there is a paradime difference in people who are investing in their own homes (& living in the cyclical East/West coasts) and those investing for cashflow with rentals.

Every market ARV means something else.. in high value areas like West coast and bigger A class markets ARV can be accurate.. however those that invest in lower end C class or so mid west properties ARV is a WAG at best since the sale would usually only be to another investor not someone buying retail  ( and your ARV values are usually retail).. so keep all that in mind when thinking what your net worth is or is not.. many times depending on the asset net worth is the cash you have in the bank.. the asset is just a money generator.

I plan on doing a house hack on a multi-family building (triplex or quad) in the Chicago area (northside, near west or near south) and I have $50k set aside for this with ability to borrow another $10k from an insurance policy. 

I would suggest currently hot areas in Cleveland and possibly Virginia / West Virginia.

@Zach Adams  If you really have no idea of market cap rates in So Cal, MF in great areas like west side Costa Mesa are down to about 1-3% and rougher areas like Murrieta and Lake Elsinore routinely trade in 5-6% caps.  

We're wholesalers in Central Florida, West to East Coast and some in Jacksonville as well. 

@Darrin Carey  I know Memphis and Olive Branch MS were this OP is talking about 30k homes there are square in the HOOD.... these are not little mid west burgs these are full blown hoods.

I like west Wake, but it seems expensive.