@Scott Stover, if you are in it for long term (10 years+) then  go for it, but be mindful that the bay area housing is at it's peak - lot of BPers are predicting/hoping a bay area housing market correction for far too long now.

And services have been cut to the bone.At some point we likely see bankruptcy (as predicted by the bonds), but even if we dont, its fair to say Illinois is not a growth state, and that costs for fees, and property taxes are likely headed up.So declining population, radical tenant friendly laws and high government costs all point to me as a place I would not want to invest.

This helps me as an investor and as a realtor, because I can more accurately predict expenses on small multifamily properties or larger apartment buildings in my target area (Berwyn/Brookfield). 

I would predict that the areas with smaller units (1-2 bedrooms) would cater more to young professionals the most.

Real estate is, in my opinion; more logical, predictable and all around fun than the stock market...IF you buy right.

You should definitely account for those costs, but you can't predict the future.

Oh well can't predict everything.Look forward to hearing from you.Eric

I'm not predicting anything or dead set on anything.

Given that I will be considered self-employed and will initially not have income (or at least not income that is steady or predictable), I will be having my parents co-sign the FHA loan to fulfill the income requirements.I clearly have sufficient capital to not only fund a 3.5% down investment, but to also make the subsequent mortgage payments.

Considering both the Full Faith and Credit Clause as well as the Supremacy Clause, this was both predictable and expected.ASSET PROTECTION SUMMARY:From an Asset Protection standpoint, this case has one very big point – You cannot rely on the DAPT statue of any State, nor the Trust document or recitals to establish JURISDICTION!