It would be great to compare notes - how do you feel about expanding your search radius or even considering new-build opportunities further inland?

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

This allows you to compare prices quickly.

There are a lot of variables to consider so it's impossible to say if investing in one of those other markets would have been "better".However, I think you could make a stronger case that you have been (or would be) more successful with your real estate investing in Chicago compared to other markets.

A HYSA is a type of savings account that offers higher interest compared to traditional savings accounts!

It seemed that it was about a $300-400 difference in monthly rent in that market for comparable properties that allowed vs. didn't allow pets. 

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Then compare that with your normal 30-year fixed.

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.

This can easily happen when the person valuing the property does not account for differences in the subject property and those chosen as comparables.