A business partner owns a 10,000sf floor of a historic building currently configured as an office.

This a 4 story historic building.

Historically we were discouraged from purchasing properties that contain one-bedroom units due to the tenant turnover.

And unemployment is at an historic low in most states. 

I feel that the BRRR my have run out with interest rates rising so it is hard to get your money back.I see a big push right now with people trying to buy things that are on the market in advance of even further pull back in Supply.Those people who typically want to trade up are simply holding their assets because it is becoming more expensive to replace those properties due to the run up in Rates.Keep in mind rates are still historically low, but investors are very price sensitive. 

Starting out, you don't have a number of properties you can use to create historic averages for what you've spent on those things so you try to make the best estimated guess based on the property you have and your overall risk tolerance.1.

The cabins already have strong rental history, occupancy rates,  and historic revenue growth.

This property is off the beaten path in a historical town of 2,367Current occupancy is at 92%.

If historical rental data is unavailable, you can use the rate of appreciation in the area as a proxy, as rents tend to follow prices.

Roofstock's criteriaRising property prices and historical appreciation in market values.Affordable rental property can help keep your cash flow high and your equity growing, generating more profits over the long term.Population growth that creates a consistent and predictable demand for housing.Employment gains and job market growth give residents and businesses a reason to choose one state over another.High rental occupancy rates measure how much of the housing supply in a real estate market is vacant.Growing share of renter-occupied households indicate how attractive a housing market is for renters, due to factors such as housing affordability and lifestyle choices to rent rather than own, along with potential for future growth.States with low property taxes help keep the cost of living low and net cash flow from investment property high.Roofstock- 20 Best States To Invest in 2022Illinois is 6th on the list & all of the properties are in the Chicagoland region.