On the other hand, I invested in other areas, Humboldt Park, Pilsen, etc. which I thought would appreciate, and did not - or would take much longer to do so.The problem is I have had a hard time being honest with myself, and basing my decisions on wishful thinking, not cold hard facts. 

We thought it was an ideal house to STR - and it would have been just based on the location, and perhaps the experience of staying in an old home.

Does anyone have good experience with cold callers and where they're based out of?

Lastly..Gang seriously.It is frustrating how much proof I constantly need to post yet so many of you are so invreddibly stubborn so see what is right infront of you, and make decisions based on emotion/opinion, instead of Proof, Data, evidence.It truly is up to you.Want to keep struggling?

While it is also true that Chicago leans tenant friendly, you can mitigate a lot of that risk by investing in areas that have a stronger tenant base.

Do you want to sell your diamond ring at a garage sale.....where everyone expects a bargain?...

The chart below shows the additional cost for a base rate for situations including investment property.

They can take out enough for a down payment for the next house and a little extra to put into savings as a "What if" fund maybe 3-6 months PITI based on the new home payment.

I know there are companies that give HELOCs based off the future appraised value of the home.

Do NOT buy this based on your numbers.