There are pros and cons, good and bad areas, some areas like Griffith and highland great for flips others like East Chicago, Gary and Hammond I think are great for rentals.

I have considered Minneapolis, Ohio, Chicago, and Michigan because price points are reasonable.

Look where the state is not taxing property owners to there eye balls.It's usually going to be Not in the Midwest especially Chicago ! 

Looking for a roofing contractor that covers the North/Northwest of Chicago.

Now, this would be my first deal, so bear with me on this...If someone responds showing interest in my potential offer, what should my next steps be?

It was hard to scale without dimensions but I'm guessing this all will probably fit.Make sure "A" is not load bearing.

What to considerBefore going any further in this guide and considering whether buying or renting a home is the best option for you, there are a few important things you should bear in mind as you continue.

In Chicago we ask for a closing cost credit nearly 100% of the time with 2-4 units.

Just moved to Normal, IL from Chicago and I see so much potential in growth all around the surrounding cities/towns.

- Find the most useful accounting software (Freshbooks seems good so far)- Begin learning the PlanSwift estimating software- Research local real estate sales and land availability- Meet up with the accountant and get the business structure in place- Meet up with a family member who just graduated interior and structural design school and hash out a great floor plan- Get a few polos and t-shirts printed with the company logo and pass out to friends and family who have been supporting this endeavor3-6 Months- Meet with mentor and begin shadowing and learning the ins-and-outs of general contracting- Meet with plumber about partnering up for a spec build- Meet with realtor and begin searching for a great piece of land- Meet with lawyer and setup some of the more mundane boiler-plate contracts- Research local material companies, lumberyards, etc and begin setting up relationships for purchasing materials- Go to the county permit office and learn the processes and costs for applying for permits6-12 Months- Acquire a piece of land to build upon that has been soil bearing and perk tested, in a good location, and minimal tree/brush clearing if possible- Provide the architect with the floor plan and house design so they can stamp and complete the plans package (foundation, joist, floor, electrical, mechanical, side, site, roof, and detail views)- Finalize partnership with plumber and get contracts in place for how funds will be managed- Finalize partnership with mentor for sub-contractors and get contracts in place- Get a building permit!