Congratulations @David Shaun - those are awesome numbers, and should hold up with the low liabilities, regardless of market. 

I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products.

The big issue is building a single small residential unit is the most expensive residential development.Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Great point about different states and markets having different laws about using evictions as a reason for denial! 

Quote from @Kevin Hintz: I can totally relate to the tight market and how hard it is to find deals.

Seeing a lot of new construction rental buildings hitting the market in Bronzeville and the west side, seems to be CMU brick around the sides. 

John I rented a 4 plex i remodled in charleston as the flip market had slowed.. the tax's on it were substantially higher than an owner occ property.. could be the rates were different this was a 1.2 mil prop..

Are you currently investing in your hometown or are you looking at out of state markets?

Thank you Lauren,  Yes, Pad split is already in this market so I think Im good.   

Look at their marketing strategy.