Saving up a down payment will give you more flexibility and a buffer for unexpected costs.

If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

I'm actually surprised you managed to get a 9% ROI but I guess that's thanks to you being a good operator and getting 95% occupancy as a result.

I’ll double-check with the lender to make sure there aren’t any unexpected conditions tied to it.

Based on my calculation, I was surprised to find that the IRR on a SFR was not as high as I expected, especially if held for the longer-term.I realize there is more to an investment than just the return.

@Tim Nelson Vendee appears to be back on and surprisingly a large number on VRMCO.

If you want to know what to expect, then expect the unexpected.

If you can do the deal yourself safely, with reserves to cover unexpected issues, it is a lot cleaner.

I imagine you may be in for a surprise here in IL with how real estate is transacted.

Thorough inspections and budgeting upfront are critical to avoiding surprises during renovations.