As for why folks are investing out of state most do so for 1 of 2 reasons.They are living in a market they are priced out of and look to Midwestern cities for lower entry prices.They do not have the time, ability &/or desire to be an active operator in the business of rental real estate.

I can specifically remember a 4-plex I seriously looked at buying in Dover because the numbers were close to what I would want and I anticipated being able to improve the operation, therefore improving the NOI.

Buy without any preconceived expectations and operate your business as it evolves.

It has high valued comps and there seems to be a great potential for a good ROI.The goal for me (and many others I assume) is to lower my monthly expenses while generating as much passive cash flow as possible.

Myself I mail out 6,000 letters every month to all non owner occupied property owners in the county that I operate in.

Hello guys, wanted to know if there's any investors who have rentals or operate in the O'Hare Airport area?

Hi Kusum,Wonderful responses some of these helpful folks gave above so don't want to beat a dead horse but....I will be operating under a few assumptions:I am operating under the assumption that you would like a neighborhood that is more or less safe for yourself or a relative to walk around the area with the young ones.

I read an article somewhere in maryland.gov that indicated the hardwire vs. battery operated requirement was also based on the age of the home and if there is new construction.

My suggestion is to make a list of lenders and find out which lenders operate in which space.  

I have been searching for a system to automate generating leads for wholesaling.