I'm based out of the Chicago market (a newbie) and am trying to get some help in narrowing down neighborhoods to focus on, whether that be within the city limits or the surrounding suburbs.What tools are typical in guiding your decisions to focus from broad areas of search to down to smaller neighborhoods of focus?

Note that some jurisdictions limit the number of non-related people who can live in one house.

It would be a good way to see if they would be interested and think of it as an open credit limit for you.

There are limits set geographically. 

If you are going to set rules, limits, etc, then you had better be prepared to enforce them.

But of course, you limit the pool of potential clients.

You do want to think of things from a tax standpoint, but you will also want to think about liability protection while establishing these entities, also.The Difference Between LLCs, C Corporations, and S CorporationsKnow Your Real Estate Partnerships: General and Limited Partnerships ExplainedIt can all shift pretty dramatically based on the details of your situation.

I have found that this limits the amount of children which limits damage. 

Thank you Taylor.I visited the property yesterday after running the numbers: To make matters worse, one of the unit's former tenants were heavy indoors smokers, trashed some doors and toilets, and there was a electric line that was 10 ft from the ground.The upsides that I see:1] Long-term tenant in the next unit, Section 82] Close to the universityAny limitations to rent increases regarding Section 8 tenants?

Then do it over again on another deal, depending on how much VA loan limit you have left.