Most of your tenants don't care about their credit score, can't afford to give you a big deposit and will be really hard on the property.

Depends on what youre looking for.

Hey John,Not from BP, but I have personally done that on rentals myself and I do it for clients regularly.You just want to structure Operating Agreement the correct way depending on what you do with the guarantor. 

Think about things like the demand for rentals and the accessibility of facilities, schools, and public transit.Understand Property Taxes: Depending on the neighborhood and kind of property, property taxes in Chicago might differ greatly.

Whether Flex Space aligns with your strategy depends on your risk tolerance, resources, and investment goals.

Along with that, make sure the seller is either crediting you or giving the renters' deposits to you or back to tenants, depending on how you set it up.

So the answer really depends on the areas you are considering.

My credit score is an excellent and I have a great W2.

This benefits the buyer more, since depending on how it is written, it can lock in a future price and if the buyer would benefit from exercising the option he may, if the numbers run against him he can back out. 

I think it depends on you.