Couple days after I’d rented to them I listened to a Bigger Pockets that talked about the things you should watch out for when renting to tenants.

Chicago has lots of pockets of good areas immediately followed by not so good areas.

Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

With an FHA loan and first time homebuyer credits, your out of pocket cost to buy will be surprisingly low.

From what I've picked up, it seems capital is the hardest part of all of this, and once you understand that game, the rest should move fairly smoothly. 

Grant Cardone holding up 10X banner behind home plate - game 3

@Jason Graves Invest in a properties with your end game already in mind.

@Scott PassmanWelcome to Bigger Pockets.

@Raheem Jenkins We also have a meetup with some of the bigger pockets folks once a month or sometimes every other month.

I listen to bigger pockets on a daily and have learned a ton from the podcast and from real estate investing books!