I've seen actual 2% properties there, but both rents and acquisition prices are lower. 

A Qualified Opportunity Fund, not to be confused with Qualified Opportunity Zones, has 30 months from the date of acquisition to make "substantial improvements" of equal to or greater than the value of the pre-existing property.

This will be a “take a breath” on heavy acquisition year for me, but I’m looking to help others reach their goals.

Hey @Sunil SharmaOur company, Grey Street Acquisitions, LLC is based in Bartlett and actively wholesales in all the areas (western, northwest and south suburbs) you mentioned.  

@Erin WicombCongrats on the recent acquisition!

The advice we provide our clients who are starting is to find your lender, acquisition agent and property management firm.

@Alex Mendoza think of property acquisition strategies as a ladder.

If you really want to make this a business, and make no mistake being a multifamily sponsor is a full-time job, then you need direction.Additionally, one of the deals i'm currently working on will more than make up a $20k investment through the acquisition fee.

How to manage commercial contractors, work with developers for property acquisition, How to properly owner finance a deal for max cash flow.

That would be a nice acquisition for it to be all paid for within seven years