Managing my own 6 unit building in Chicago

[Elizabeth J.]

My husband and I will probably be closing on a 6 unit property in Chicago this summer and I am putting into place our team to maintain the building and make necessary improvements.  I don't live in the area anymore, but hope that with my attorney background and organizational skills, I will be able to manage this property from a distance utilizing the best team I can put together.  Up until now, we have only purchased condos and town homes for investment properties, so this is a much bigger undertaking.  In terms of other Chicago investors, is there anything in particular you know now that you would have done differently before in running a multi-unit building you own?  I am doing my best to get up to speed on all of the applicable state laws and local ordinances, but I am realistic that there will be some pitfalls and a learning curve along the way.  It's a bit overwhelming, so I appreciate your input!