This question is something of a catch 22. 

You could keep an eye on Mckinley Park, Bridgeport, Little Village, maybe the areas around Midway like West Lawn or Arhcer Heights. 

Not to mention they are supposed to have deadfall safety catch which obviously did not work or is not present.

We now are reinvested in an appreciating market much closer to home where we have a trusted friend and handyman, and can visit more often.Diligence and patience are needed when there are thousands of eyes on the property you too are looking for, which is why you must be VERY confident to pull the trigger immediately when you see something that fits your criteria in the area you know best.Enjoy your every win... you're in much better shape than many !

I am wondering what the catch is?

Currently we have our eye on a lot that where we could build an 8-plex with a rough build cost of 1MM.

You don't need anything crazy, just someone who can keep an eye on the park.

I have extremely low DTI and it would only get lower incorporating rent for the housing I currently occupy.

Of course, there would possibly be more issues once walls are open and such, but someone with a great eye and experience that can feel for certain things such as foundation issues.

@Anthony Martinez it's a frustrating catch-22, because once you restructure the debt, your credit scores would improve.Conventional and jumbo lending is out the window.