South Side Chicago vs South Chicago Suburbs for turnkey rentals?
Hi! I'm a new investor with around 500k cash to deploy and I've been looking at turnkey rentals in particular. I spoke with Justin from ProfitFromRentals and he mentioned that they've been mostly transitioning to South Chicago suburbs like South Holland from South Side Chicago because there are too many turnkey operators in South Side Chicago these days and the competition for Section 8 tenants is high, so it can be hard to fill vacancies.
On the other hand, with the SFH in the suburbs, he says he's done hundreds in the past 3 years and has yet to have a tenant leave. If true, this would be great for an out of state investor like me. These SFHs are also rented out to Section 8 tenants and he says it takes 48 hours to find a tenant because the interest in these SFHs is so high.
I would love to hear what you guys think, thank you!