Most are on long-term follow up through drip campaigns.1 Acquisitions Manager (U.S.

Many people think all tenants are good, there is good cash flow on turn key LTR leveraged purchases, there are no vacancies and associated tenant flips, that all components in a property last forever, that property tax and insurance cannot increase significantly.  

As with any market, there are areas that are not poised for long term appreciation - Sunnyside, South Park, Acres Homes, etc. 

The last five years have really changed my mind as to who is a good dude and not.

It’s clear you had a sharp eye for opportunity with this duplex, especially given the prime location and potential for adding value through additional bedrooms.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Over the last couple of days there have been dozens, if not hundreds, of forum posts in my local area (New York Metro) that are from Closed Accounts and are labeled "Top Archive - Removed Discussions". 

It’s wild how life brings us full circle sometimes, and it sounds like you’re entering this next chapter with the exact mix of clarity and curiosity that commercial real estate needs more of.Retail in Chicago is a powerful niche, especially with the right eyes on value-add opportunities and community-driven tenants.

As long as $470k is around market value I'd be OK with that.A question you should be asking is what happens if the bottom falls out of the market and the house drops to $350k?

For me I feel shifting to real estate is the right play which is why we made the pivot last summer, but I am open to other perspectives.