There are 4 other key aspects to consider when analyzing deals and they are - tax savings, principal paydown/equity building, appreciation, and inflation hedging. 

Ultimately, the Frank Lloyd Wright aspect can be a blessing or a curse.

If it still resembles a mobile home, then you would unlikely get that appreciation from the market.I am not certain about the disclosure aspect of the property, that probably varies state to state.

The appealing aspect here is the ongoing population growth and other economic factors.

As for your company getting quality, I was not remarking on.

This struggle continued until we discovered Sewer Cleaning Company.Their approach to working with management companies has been nothing short of remarkable.

I believe setting the precedent upfront solves what could be serious issues before they even apply by giving them a rundown on some of the big key aspects of what the process looks like a head of time.Big indicators are verification of identity and verifying the references for documents when needed.

Also note that letting this resident in, when she doesn't meet other aspects of your criteria, could be used against you in a future FHA complaint with another protected class.

These other aspects of the strategy seem great, really reduces the chances the neighborhood is just going to tank in value or something I would think, though I suspect fitting a curve as opposed to just using the mean may be a bit more effective and less risky.

I'm definitely new and I don't have all the logistics planned out this is just the vision now I'm trying to backwards engineer and figure out my steps I thought my first step would be to househack a 4-Plex on an FHA loan and then graduate to six or 12 units and then move on to bigger properties most likely outside of Chicago to your point. right now I am very confused this is the second time someone has said that four unit is not like a six or 12 but I'm not really sure in what ways is it the underwriting is it the management is it literally every aspect of it.