A good friend of mine, managed a similar transaction last year: he merged several single-family homes around Florida and exchanged them for a mid-size apartment complex in Chicago.

We do a ton of them here in Chicago and everyone of them is a great long term success!

Sometimes that means exploring markets like Omaha or Austin or even Chicago if the numbers pencil out.

If Anyone has additional information on the Chicago market right now and some insight Id love to talk. 

Any person over 18 should go through the tenant screening if they are living there...they don't necessarily need to be on the lease, but there is another area on the Chicago Association of Realtor's lease to add occupants.

Hi Jake, the fact that you're a US citizen/resident has absolutely no bearing on the process.

@Kevin Zmick the rental market in Chicago can be very, very seasonal.

(they get a cut of the GP fees for fundraising)Goodegg Investments – This Is Is How We Make Money Through Real Estate Syndications (youtube.com)what's most annoying is the slide at 50sec, she has on the left the GP which "does all the work and takes on HIGH risk, while on the right the LP who does no work and bears low RISK".

But I like stocks more than the average bear on this site, especially the tech monopolies which I expect to return 15-20% (so outperform real estate in current market conditions).

Moving walls usually requires figuring out what is or isn't load bearing and likely putting a large and usually expensive header.