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. 

I will be buying a small home operated business there from a gentleman who is moving out of the city.

Almost all of Woodbury is a C class neighborhood and is relatively safe (father operated business here for few years and was fine, although he got a few crazy customers).

Here are the numbers,Purchase Price: $165,000 as-isFinanced: $123,750 (25% down, couldn't put any less down with a conventional lender)Mortgage Rate: 5.25% (no points); 5.35% APR -rates are on the rise it seems.Estimated closing costs: $4,500Initial cash invested: $46,310Gross Rent: $1,725 ($875/$850)Operating Expenses: $815 (includes mgmt fees @ 10% & capex of $275/mo)Cash flow: $140.77Principal reduction: $142Cash-on-cash: 3.65%Total ROI: 7.4%Possible near future repairs: Roof (Estimated at $4,000); windows (Estimated at $5,000). 

Don't let the how do I live richly while I go thought get in your way of building multi generational wealth.

Happy to connect to discuss more.If obliged you could also install onsite solar and sell generated power directly to tenants leveraging the same tech^ (fine to do so as long as you aren't charging a higher rate than the utility).