This is the old fashioned way and has a lot of competition, but I find that it is harder to do than picking up a newspaper.

That too, plays in your favor from a pricing standpoint as well.

I know Trulia local is handy, and old fashioned observation is great, but I'm curious as to whether or not you much more experienced folks have any other methods or insights.Thanks!

I found out to not use national banks as their deals don't particularly favor my desires.

Also the landlord rules and regulations are not in your favor in Chicago.

Alternative: sell the note to a note investor.One way to do this is to contract to split profits in some fashion.

Also banks tend to look more favorably on those owner occupied 4-8 units.  

However, that seems to exclude reinvesting in your business, which I know Kiyosaki is in favor of.So my question, for those of you that have made this transition, is did you target your monthly expenses as your transition point?

Mess around with short term rentals or trying to get higher rent to fix your cash flow, and hope appreciation works in your favor.

If it's a bad time then please tell me to hold off until the market is more favorable.