(Elmhurst, Villa Park, Lombard, Westchester, Lyons, Riverside, Brookfield, Bensenville, Addison)Mike and I have been listening to the Bigger Pockets Podcast for about 2 years.

I am currently renting out three of the rooms which covers the full mortgage and I live in the 4th room (So house hacking).

Since I expect to move on campus for the next three years, I don't want to pay around $36,000, but rather buy a property as I think the benefits outweigh renting. 

I was reading a chapter in one of the Bigger Pockets books just last night and Brandon mentions that he works with 'the best real estate agent in town'. 

Hi @Mikal Lewis...Welcome to Bigger Pockets. 

@Patrick Philip Well, the other three being in a historic district does make a difference...the People who like historic district properties generally pay more than for a comparable house not in a historic district, and historic property renovations generally cost more due the restrictions.This is a case where 1/2 mile away are Not comps...many times just a block or two across a major road/subdivision boundary are not comparable.Also, the more sf you have in comparison to comps, the lower the $/sf value you have.....a 1900sf 3/2 in the same neighborhood won’t have the same $/sf. as a 1500 sf 3/2.

The building appears to be in a fairly large industrial pocket and I read that Arlington is home to the largest business park in North Texas so I'm wondering if the truth is there is too much available for rent and not enough demand?

I'm 27 years old with a wife and three children and I am looking to invest in real estate within the next year.

Also, a conventional loan will not pay for the repair costs, so that would come out of your pocket whereas a private or hard money loan may cover most of it. , the method is meant to make for a quick turnaround. 

@Javier DiazWelcome to Bigger Pockets.