Apartments, houses, and condos available for rent in the area range from affordable to upscale, so there’s something for every renter in this central Texas suburb.

Apartments, houses, and condos available for rent in the area range from affordable to upscale, so there’s something for every renter in this central Texas suburb.

I feel like Calgary MUST be a good market, and it is one of the last markets in Canada where you have a big city plus touristy areas and still affordable prices.

And your tenants can't afford their utilities......?

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

We live in the NW suburbs of Chicago and it seems like the most affordable ones are in the Elgin area, Aurora or in the city.

As with most large-scale, multi-faceted entities (such as RE in general), things find "new norms" constantly. 

This might also allow you to get one in a much nicer place/area that you otherwise couldn't afford.

One 3 months and one shorter, I will keep going down on the rent for the one, then once that is rented I can afford to be slower on the other one - just can't have 2 empty in one building.

@Davis Chem Yes but even at 500K, can you afford a 3-5% down payment?