In Cook County, IL, my understanding is you may or may not trigger a property tax reassessment based on a sale and otherwise it’s somewhat unpredictable when an actual human will come to reassess the exterior and interior for overall value.

I will be the first to admit that I haven't really looked at that area specifically down to the ROI level, it's a little too far away from me at this time. 

@Philip Cook Thanks for your feedback!!

So if anyone is doing business in Harrison NJ please reach out to me at your convenience.

Welcome @Jack Langfald and @David Cook too. 

Then I can do it once more which puts me at 3 houses over 3 years with 0 invested.

(if my calculations are correct, even at 1200/mo per unit, you'd be grossing 3,600/mo rent, but your payment would be around 3,400/mo--and that doesn't include property management, capex, vacancy, etc...after the dust settles, you'd probably be running at a loss every month...25% down is a LOT of money to spend just to lose even more money each month...)  ...to me, there's probably not enough meat on the bone as just a normal rental, but perhaps there are other ways of extracting value from the property (e.g.; STR, value add, etc., etc.)Good luck out there!

Please feel free to text me at 541-231-1256 and we can set up a time for a call that works best for both of us.

I try to have one cabinet box on either side of the stove so people can put plates, tongs, etc. down on either side (solves a lefty vs righty cook) and also to not be wedged in by the fridge. 

And the kitchen...even though I don't usually cook when I travel, I like having the fridge and microwave, full size trash cans, etc...