The cap rate method resulted in a valuation of ($260k–$452k), which agrees with yours and likewise.

If you buy quality in a quality neighborhood its no different than most any other big city..

The numbers can absolutely pencil on sub-$150k SFRs, but success hinges on micro-location, housing stock quality, and realistic rent assumptions.

money is only good if it provides a quality of life improvement.  

I've heard a lot about using the BRRRR method or doing Air BNB with single family properties.

And yeah… LA can work, but the margin for error is razor thin unless you’re very strategic.A couple thoughts that might help as you ramp up:Get very clear on regulations early (especially STR/MTR — city and county rules can make or break a deal).Build a small but strong local team in whatever out-of-state market you choose before you buy.Don’t underestimate how valuable your skill set is — high-quality photos/video/drone work is huge for investors, agents, and STR operators.BP is a great place to learn and contribute, and offering real value like that is how relationships actually turn into opportunities.Glad you’re here — looking forward to seeing you around the forums.

Chicagoland market is full of potential.Using the BRRRR method where the rehab forces the equity in the building has the best up side for rentals, but also take the most work. 

The good ones, I'd fix up to rental quality with cash and manage the job myself. 

This means placing quality tenants, avoiding excessive displays of wealth in poorer areas, and most importantly, not getting involved in things unnecessarily.

Between the Intel fab, the EV battery plants, and data center buildouts, you’re seeing real job growth that doesn’t rely on coastal tech bubbles.Houston and Indianapolis are worth a look too if you want markets with landlord-friendly laws and strong rental demand.One thing to keep in mind as you build your portfolio: finding quality tenants is half the battle.