I had previously used LendingHome as my HML but they stopped lending in Illinois, I asked a local investor @Mark Ainley who referred me to the Eric Workman the VP of lending for Renovo Financial, they are local (Chicago area), met with him and felt we hit it off well.

I'm a local realtor here and I'm part of a few mastermind in which I'm going full force into Small Multi Family.

Take into account elements like total affordability, policies that favor landlords, and property taxes.Make contact with real estate agents and investors in the target market locally.

Smaller local markets are harder to nail down accurate ARVs and find reliable trade labor.Regarding managing general contractors, I've heard some horror stories from our owners who have worked with GCs they've never met.

Would be grateful if any locals or investors in the area could share some pointers. 

I’m local in SA and have midterm rentals here on the NW side

I'm a local lender in St.

I have a small health care benefit from my local government career, and I have VA health care since I'm ex-military but it's not as good as it used to be (too many people in the system, too few providers at the VA) so I am planning on buying a supplement on the marketplace when open enrollment comes in November.

Since myself And another partner are local we plan to live in the first one while we understand the process of what it takes to build and get some experience under our belt then the plan is to scale from there, really just need to get our feet in the door to which I appreciate the connect with Jennie.

I would be talking to other investors in your local investment club or network.