I wanted your thoughts on this ad I saw while walking to the coffee shop.

I purchased a nine unit apartment building last year in Berwyn, IL, which is a very high demand B class neighborhood in the Chicago market.

To get into a little more detail on what I'm looking for: B- area or betterWithin 45 minutes of MSP airportAreas with a small town/ neighborhood feel are a big plusTown centers that could be in walking distance are a bigger plusAreas with above average school districts are another plus3-4 unit multi family property (small yard and garage are requirements)Potential for value add - completely OK with doing a live-in remodelWith that in mind, can anyone suggest a few areas worth exploring this weekend?

You don't even have to flip the house, just buy into the up and coming B-/C+ area and wait for appreciation 2+ years to capture those $250/500k gain.Of course you somehow have to identify the areas but at least in the Bay Area, it's more obvious where the older neighborhoods are gentrified with tech workers.

I want to purchase a building anywhere as long as it's not in a D class neighborhood, or some place expensive like NYC or California.

very polarized opinions on this subject.but generally speaking.buy at or as close to the median price point for a given MSA do NOT get sucked into low value looks great on paper properties that are in tough to manage neighborhoods and you don't realize it until you own it.other wise its just like buying any other real estate.Home inspection.... 

It’s in a great residential neighborhood with houses at a medium price of 300k.

It’s in a great residential neighborhood with houses at a medium price of 300k.

Did you first locate the deal then build your team of investors or did you get each person to agree then start shopping for deals?

I would consider this a decent (not great) loan for an LLC.I think you should potentially shop it around a little, but it's not bad what he's offering.