I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

If you get your system and modeling down and follow what I mentioned above with respect to coming up with your strike price/offer price, you shouldn't look back if someone overpays for the property.

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

Management & Automation: For those managing remotely, what tools, software, or systems do you rely on?

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

.✅ Professional Tenant Screening – Property managers have systems in place to screen applicants thoroughly, reducing the risk of bad tenants.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

Once you set up the tenants in the system it works great.

Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures.

I'm curious if anyone has a great system they'd like to share.

I have been Quest client for 6 years and this transition is beyond anything I have ever seen and my career was putting new systems in for companies.I am trying to get a deal closed and can’t get a response.