Stay there a year and check out the area,  then a year later you can look for your end move and have a two units that will cash flow for you.Let me know if you would like to talk about this or look at some of our off market inventory.

Currently we are still trying to make and build inventory and see how it goes.1) I am currently paying $150 more on the principal via the min. payment and weekly payments to take advantage of the amortization schedule.

Bradley, yes it's conventional but again... most lenders will hit you with the 20-25% DP.

Conventional financing is far superior to FHA when it comes to being a Non Occupying CoBorrower. 

I currently own a duplex in Indiana and bought it using a conventional investment loan.

Please contact me directly for a current Inventory List! 

This is why there is little to no inventory. 

Assuming it is conventional, the max seller concession can only be 3% for less than 10% down payment 6% seller concession 10%-25% down payment 9% seller concession for more than 25% down payment@Albert Bui @Carlos Valencia

Regarding Chicago, the 2024 property tax re-assessment in Cook County should cause some inventory to hit the market, specifically on the mixed-use and multi-family side of things which will be hit especially hard.

I was told that if you purchase a property using a conventional loan (mortgage in your name), that within a month or so after you purchase the property, you can use a Quick Claim Deed or Warranty Deed to transfer the name on the Deed of the property to your LLC.