Sorry Katie, nothing personal, I'm sure you're a wonderful person in real life, but by tying up this sellers property for 90 days with no buyer and no plan to legally sell the property for them, you could end up putting the seller in a worse position than they'd be in without your involvement.

It is early days and I am an out of state investor, and I am seriously contemplating getting an adjuster involved. 

You got some great advice above from @Nathan Gesner and @Rene Hosman, so I will keep it short.My biggest piece of advice is to get involved in some of the local Chicago meetups.

@Daniel AfonsoStarting in real estate investing involves understanding different strategies like house hacking, buy-and-hold, BRRRR, and flipping, which require different capital amounts depending on the market and property type.

@Shannon F.Make sure the MTR vs LTR math makes sense for the work involved. $3K per month as an LTR x 12 months = $36K $4K per month as an MTR x 9 months = $36K Vacancy is a huge factor. 

and see what skills you might have to add some value as a side hustle.Things started to happen organically as I got more involved in the Chicago real estate market, and I am confident they will for you, too!

When the partner’s draw payments ceased this CPA became involved selling Sponsorships” in a very dubious MLM scheme; he was trading in all the goodwill and reputation he had garnered in 25 years of practice to make a quick hit because of his financial position. 3.

Just gutted for everyone involved and wishing the best on a recovery.

We currently use an insurance broker that covers while in rehab and then adds loss of rents later once applicable, but communication is difficult when there is a broker involved.

@Steven MendiolaHouse hacking in Denver involves calculating cash flow, obtaining financing, finding rent-potential properties, and planning for vacancies and expenses.