I’m looking to buy a multi family property in Chicago, more specific in East Garfield Park 60624.

But what if you purchase with alternate financing (sub to, assumable (look at VA but requires OO), owner financing, etc) and only did buy, rehab, rent, and repeat (one less R - more precisely not a refi but maybe use 2nd or heloc)?

Investment Info:Condo buy & hold investment.

For example, if you are pre-approved for a $200K purchase, then you know that you can't buy in Nashville.

@Erik Estrada right now Amex got me at a special rate of 9.99% I’m talking to my lender right now on qualifying to get a loan to buy the property

I’m buying a truck-plex and the rent for each unit is under market value by $125-$150.  1. 

You could, for instance, buy a rental property and employ property management firm to take care of it, but you can't work for your company in any capacity and get paid for it.

Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-team

I kick myself for not buying back then. 

Which county/areas/cities in/near phoenix should I buy an investment property in?