Maybe add one for one side and the other for the other side when you have some more capital. 

@Ashish Acharya, @Nicholas Aiola, @Dave Foster, @David Orr, @Jason Watson, @Natalie Kolodij, @Bernard ReiszFriends, based on my prior failed attempts to address this issue offline, nobody really wanted to hold this hot potato in their hands.

The hot housing market has created more of a challenge to find properties but it can still be done.

If units have separate heating & hot water heater units, really the only thing you have to plan for is replacing the roof and parking lot.

Worst case rent $1150 each side, added estimated insurance,vacancy, maint,capex.  

Chicago has a lot of older housing stock, so finding something slightly under market and improving it is one of the best ways to increase cash flow and build equity quickly.But I also agree with @John Clark on the southwest side of Chicago (that's where my properties are at) + NWI has some great options, too.

However, it would be a lot harder on my infrastructure - in the winter everyone wants pool heat so your compressor would be running for months, when it's hardest to keep things warm, and I'd be running my AC system harder while I was there in the hot months.

Columbus is really hot right now with strong population growth, job growth, and big companies moving or expanding here like Intel, Amazon, Google, Facebook, Honda, Microsoft, and LG, which keeps rental demand high and appreciation potential strong.

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area.

Something that we value tremendously (regardless of the appraisers opinion ) and are working on adding an off grid hot tub, outdoor sauna with water side jungle-gym.