This has always been a very confused area if measured by the responses I've gotten over the years, even from numerous CPAs.

We're looking for units that could attract a quality tenant, and one that may stay for awhile, so we look for things like dishwashers, laundry, decent storage in the kitchen, etc.

Chicago, for true B class asset, maybe 8-15 units, depending on numerous factors.

There are numerous legal non-conforming units in Chicago and in the Chicagoland area.  

That isn't to say all tenants would be like that, just generalizing that at this income level of rental you will tend to attract tenants that demand more time and attention. 3.

I shifted my thinking earlier in the year to develop a financing and investment structure to attract that money, but then COVID shut down a lot of my interactions.Let me know if you're looking for something specific.

@Susie Wendel From what I have found so far, it seems that the city of Jackson itself, though priced attractively for investment, is not really investor friendly due to city regulations and such.

It can be a tricky avenue to take in multiple markets but with enough research done in a particular area I think they could be quite profitable, especially creating veteran and elderly tiny home parks BUT they're also quite attractive to people my age (mid-late twenties) who want to get a leg up without paying crazy rents or mortgages.  

The other thing is you're buying very low end properties which will attract low end renters which will be more likely to damage your property and just not treat it well.

When it comes to the HOA fees A lot of your competition has some of the similar fees or you have to make a decision to help contribute to those as your own expense if you feel you need to be more attractive to the market for an incoming tenant.