Now I'm having to look at 25% investor loan.is there any way to get a loan on investment property for less than 25% down?

But the disclosures usually have something about "are there any rooms with no ventilation."

In addition, if you’ve been trying to rent out over the last couple months, that’s the hardest part of the year to rent out in Chicago. 

@James Tiu - We do this at a couple of places in South Carolina.  

Hi Nicholas, some tricks and tips to note for your situation.Your mortgage rate on the new place will likely be a bit higher than your first.

You'll usually need more than 20% down to cashflow, unless you can find an asset to reposition.

If you are looking to be very active and run like Mid or short term rentals yourself, or do flips, then you can, but this does not come without risk. if you are looking to pull money out and put it to work in other real estate so it can appreciate over time so you have a larger base of assets that are paid down or off in the future with some cost now, then I do think that is possible. 10% returns as a passive investor, especially in the first couple years is not likely. 

Food for thought: Scranton, PA is just as close or closer that Albany depending on your locale and probably more landlord friendly.

You're right, STRs can offer higher profits than LTRs, and a good property manager can definitely ease the workload.

I’d like to get a deal sooner rather than later because I feel like this is a good time to negotiate prices down.