@Prashan ShanthakumarUnless you are renting to students I think it’s going to be extremely difficult to rent out rooms individually.

What is nice is that you can borrower in the name of an LLC, with high leverage, and rates that are extremely competitive.

Prices are extremely strong and inventory low in the range that makes sense for rentals.

This loan was extremely important for me while trying to leverage my lack of funds into multiple properties.

I'm in an extremely high demand area with little inventory so no one ever complains. 

There must be a clear reason whether it is city related or seller has cold feet. 

He is extremely knowledgeable about the western and northwest suburbs, and specializes in working with investors. 

Biggest lessons so far are that people in general are extremely unreliable, and it is hard to find like minded people.

Research more than just warm areas - Central Oregon for example has a tremendous amount of tourism, is beautiful but we have cold winters that bring in a lot of business for the winter months of vacation rentals because of our skiing. 3.

Then, after doing some math, I figured out that many of these properties would be extremely difficult to maintain a steady cashflow from and the looming risk of natural disaster was, well, looming.