Also, keep in mind that there are potential tax benefits related to investing in your primary home.

Think about things like the demand for rentals and the accessibility of facilities, schools, and public transit.Understand Property Taxes: Depending on the neighborhood and kind of property, property taxes in Chicago might differ greatly.

Are you most concerned with cashflow, appreciation, or tax benefits? 

I don't care if peddlers peddle appreciation/tax benefits/blah blah.If inflation is at 8% yoy, then appreciation of 3-4% in real estate yoy on average reduces your wealth.Thank you for this post.

I invest in tax sales, mainly land.

In this case, a tax partnership with an incredibly complex allocation structure. 

Are property taxes impounded?)

Tax payer has to be the same.

I took into account property management, 5% no occupancy, taxes, fees, etc.

On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.Looking to leave the area.Does it make sense to rent it out given that I’ll probably get 4K in rent?