Set backs that define the allowable building footprint?

I missed the hustle and bustle of SFH management and all the characters I would come across along the way.  

Answer to your question depends on how you define a "neighborhood"  If you consider the 77 Chicago communities as neighborhoods then the answer is no, Trulia is not a good representation of the quality/safety of the neighborhoods.  

@Benjamin Cowles You can define closing costs with specificity in your actually purchase and sale contract.  

It's jazzed up a bit.I just added some kitchen cabinets for under $1,000 to the same rental, but they weren't top quality.This might help cover more of the variations in a well thought out manner:The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs (BiggerPockets Presents...)https://www.amazon.com/gp/product/0988973715/ref=o...Jim.

There are a lot of questions to ask upfront that should help you define what you can and can't do.

Based on answers to these questions, you can define what motivates you more.The old adage is true: money is good but it does not buy you happiness and I will add that it does buy you fulfillment either.

There is usually option periods to renew and define what will happen.Now if the lease is a vintage lease with above market rates compared to current rents per sq ft then the tenant might ask for a reduction or leave all together if a better space is available elsewhere. 

@Stephen Seaberry How are you defining c/c- area?

(Also my wife said house hacking is definately not an option, as we are comfortable in our current home.)