Then you will start to have an idea of what your local market looks like in each sector , what ROI your local investors are accepting, and what you think is and isn't a good deal.As you focus on number 1 and start to actually acquire capital, you will also be growing an idea of what you want to spend it on. 

Definitely working on building a network here and helping others where I can as I learn, so it’d be great to chat with a local like yourself!

Recent amendments require a local agency to impose an owner occupancy requirement as a condition of a homeowner receiving a ministerial lot split.

Stay in the loop on local trends and rules, and perhaps consider unique offerings to stand out.

Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

If everything checks out with the HOA, you must check with your local municipality to see if STRs are permitted even though the tenant will be on a fixed long-term lease. 

Also, try contacting a local appraiser or tax advisor who could provide a precise adjusted cost basis for your capital gains calculation.

. - The electrical panels may need to be relocated to comply with the latest local code - I'm not licensed in Pennsylvania so I am not familiar with it. - You may need to update circuit protection with AFCIs and GFCIs. - As Jaron mentioned above, you may also need a 200amp supply upgrade. 

@Danielle Cage your realtor will be able to give you a lease from the local MLS that will be ideal for Kane County.

This list may be biased in some ways, since I live in STL and am extremely interested in starting to invest in my local market.