After a tough experience in my last W2 job, I’m seriously exploring real estate as a way to build long-term income and more flexibility for my family.Quick background:I’m a project manager by trade (15 years) and comfortable managing reno timelines, teams, budgets, etc.Married with two kids.Currently unemployed, but our household income usually runs around $200K/year.After my parents passed, we sold their home and used the proceeds to buy a house up north.

What are a couple of must knows when it comes to investing in Illinois or anywhere at that .

She mostly does 1-4 unit places but does do the leasing and other things for a couple of apartment buildings in the area.

There are a couple ways to go about it! 

Starting out in Macon gives us some breathing room to reset, and we’re being strategic about placing our first couple of house hacks within 1–1.5 hours of Dallas, GA, since we have family there.I’ll definitely take a closer look at Cartersville, Rome, and West Cobb — affordability with rental demand is exactly what we’re after.

Thanks again, I will reach out when time gets closer.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

You might want to take a closer look at more affordable out-of-state markets where your money can stretch further.

I purchased two 3 ton units last year for less than $2,000 each.

PMC's generally know this 100X better than 99% of the agents in those areas.