This can significantly increase the cost of your foundations.Hillside construction is significantly more expensive than flatland due to shoring, excavation, seasonal grading restrictions, and deep foundation issues.

If by request ask if they offer a clean and show temporary service, you don't need to go into details as to why.

Looking to get into my first investment property (will probably live in it a year or two beforehand):3950 N Lake Shore Dr APT 1304, Chicago, IL 60613 | MLS #11344676 | ZillowI'm worried that Chicago's taxes and HOA's will eventually outrun the cost of the mortgage (10% down, aiming for 110k price range).Has anyone ever bought a one bedroom condo in Chicago to rent out? 

instead, i would start by shoring up your financial position, and look into house hacking. 

Most of my guests are relocating to Austin and need temporary housing.

1.My Faith2.My Marriage 3.My Time4.My Relationships5.My Knowledge First(with out preaching) I believe that everything we do here is temporary except how we impact others and serve a higher power.Second My wife is the biggest blessing in my life and she brings balance and peace I have never known before.Third My time is something I can never replace or add to and am always drawing from.

@Chandra Sekhar What border of South Shore? 

This also accounts for the outliers of temporary 50% vacancies and still flow cash to an acceptable level.  

with all of these folks off shore I would say 99.9% of them are Nigerian scammers. and they are targeting you  a beginner who knows no better.. but your rational and intelligent so you can see that this seems a little too easy right.... send a few e mails and they promise you a 2 million dollar loan at 2% you just need to buy this Bond in Thailand to secure the repayment its just 5k for the bond etc etc. 

This phase may be I/O or it may be amortizing, but generally speaking this is a temporary (up to say 24-36 months at most, hopefully closer to 12 months plus or minus).