In addition, the rent is capped at the tenant's income and the local market rates, so it may be less than you would receive from a tenant who is not a Section 8 tenant.

Fresno's growing market further enhanced its appeal.

Atlantic City's growing market further enhanced its appeal.

Lockport's growing market further enhanced its appeal.

Then, that's when the real negotiation begins.Definitely contact a probate attorney in that market though.

Fresno's growing market further enhanced its appeal.

You’re laying down the groundwork, making connections, learning the market, and generating capital.

However, I have a few concerns:Pros:Living condition: 1400 sqft → 1700 sqft with some boutique featuresThe rental market seems good in this area.Another property is added to my existing real estate portfolio, which currently includes two other properties.Cons:Interest rate: 7% - No guarantee of decreasing the rate, which means there might be no opportunity for refinancing in the future.The current home is too new to be rented out.People often say not to buy property in Chicago due to high taxes and low appreciation.There’s no necessity of moving since I have a decent primary home.Any professional advice would be helpful. 

In our opinion, an investor should only work with agents that meet at least one of the following:1) Own rentals themselves for at least 3 years, at least one of them they bought below market.2) Have a 3-5 year track record of rental transactions, that they can document.3) Know how to calculate 1% Rule, ROI, NOI, etc. and demonstrate how to actually apply them to assist an investor client.4) Have access to tired investors selling their rentals.5) (what can you add here?)

@Kirk M.I would recommend taking a look at the Columbus Oh market.