My partner and I have a document we work through to analyze deals.A structured Excel template for real estate deals which includes: basic property info like address, type, size, purchase price, and closing costs.

If timelines don’t line up (job history, prior address, reason for moving), I’m out.

(Full disclosure: I own and operate a turnkey provider that’s active in the market.)To address your post: house hacking is definitely a good start since it’ll help you lower your burn rate and build savings faster.

In Chicago they made it illegal to do STR for a single family, condo or 2-4 unit unless claim it is owner occupied with the only required proof needed being ¨unit is the home address on your ID¨ so many people are able to to sneak around the rule.

@Alex Morales I think proplab is still developing, it didnt even picked up my address for analyses. 

They know who's organized. (2) Ask any potential GC for at least three recent triplex or fourplex conversions with verifiable comps--actual addresses where you can call the owners. (3) Get their sub list in writing before you commit--make sure they have reliable electrical and mechanical subs locked in.

I’ve sent a separate email introducing myself so we can address this directly. 

Drive one day, collect 20-30 addresses, then run all your skip traces at once instead of one-by-one.

Once you have some addresses, you can send a letter or postcard.

Hoarding issues, significant leak issues, grease soaked draperies dangerously near the stovetop, windows inoperable, electrical panel hidden behind mounds of stored items, and, ultimately, resulting in a costly, formal, eviction process, followed by a full gut and reno including the grounds.Or, you prep to market and attract the top Tenants for the price tier your property sits in, clearly communicating to them that this is a business, and these are the expectations we have for you; moving them in with a well documented process to a fully functioning, attractive, and clean unit with modern finishes; it is inspected annually and any "repair" or "preventative" issues are addressed promptly, as are the rare service calls; rent rates are reviewed each year immediately after inspecting the unit, and decisions are made, notices sent out, either "no change" or change based on actual comps, or, occasionally, Non-Renewal.