However, there have been plenty of big-name investors relocating to Chicago.https://www.prnewswire.com/new...All in all, plenty of people will continue to invest in Chicago despite the crime issue.

What does allegiance government relocation means?

If you practice and train, it is not so tough.

You are allowed to buy the tenant out either ‘cash 4 keys’ or pay them the city relocation fee which is pretty high and can be found here:  https://housing.lacity.org/wp-...Whatever you do, don’t irritate the tenant because under the LA rules, you still cannot evict a tenant for non-payment of rent.You don’t want a situation where a tenant decides they no longer want to pay rent.Unfortunately, LA is a different beast and rent control in this area follows different guidelines. 

Practice connecting by reading and posting more while you wait for the next REI meetup on the calendar!  

Being flexible, able to relocate is a benefit.

Out of curiosity, what expenses do you use to find the max purchase price using something similar to the 70% rule or whatever other practice you use to find the max purchase price?

Yup, this would be the best practice.

My concern is that a newer investor may risk their earnest money or may be on the hook on a deal (liquidiated damages up to 3% max on CAR RPA's) because they passed their contingencies or other while being lead to believe they could have qualified.Its like banking on a hail mary...As for FHA second use, the above sounds all woo woo and easy but I just did one of these recently and the underwriter wanted 25% equity on the vacating property (first FHA property) in order to qualify at "all," using one of the four exceptions for a 2nd FHA loan ( 1) larger family, 2)separation/divorce, 3) cosignor, 4) relocation because of employment).

The market rents are a valid source of income to list.Other than that at the moment,  the previous replies make practical sense.You might look onto FHA loans also, but I am.not versed in its application to multis.Much success!!