Gives a pretty good CoC return. 

In general it favors the tenant - pretty much in every aspect.I still invest in Chicago, but I know the rules and follow them so to me it isn't a big deal

I bought my dad's landlord's house which is 2 houses on one lot for a pretty good price and it cash flows nicely.

If you decide to go this route keep in mind that this would be 5-year loan so the payments would be pretty high.If your 401k is with the past employer - you might be able to roll it over into self-directed IRA.

A house that needs minimal work is a much easier option, but you won't be able to add the same equity if it's already nice and pretty. 

I am very conservative and try to follow the 50% pretty closely but even if I stretch a bit the deals just are not there on 15 years. 

.- 1% fee realtor website (bodecanada) - this is pretty new and I start to put my property there- rent out to tenants - this is what I am doing nowMy property is half duplex with illegal walk out basement suite so I rent out upstairs for $1200 and basement for $700.

It can get pretty tricky because the bank will want the loan to stay at the current LTV.

So basically you just collect the monthly rent, without dealing with the tenant. check out roofstock as well, they seemed to be pretty active marketing to out of state investors. 

Changed my perspective of "stuff" in my house and now I keep the thing in my house pretty minimal and I enjoy everything that is there.