Be honest—are you waking up early and controlling your day, or are you rolling out of bed and playing catch-up?

This is ideal if you have a full-time job or don’t want to deal with day-to-day landlord tasks.✅ 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!

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

But that’s how I would expect it to play out. 

Hi Lorenzo, Within my 20 years of experience, I’ve seen this play out many times, especially in competitive markets like East Boston.

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

Also, I’ve read that aiming for an ARV of around 70-80% is ideal for BRRRR—does that align with your experience?

This cycle has played out numerous times:Mobile Home Park Residents Lose HomesMidfield Mobile Home Park Residents Lose Court BattleLoss of Another Tempe Trailer Park Highlights Lack of Affordable HousingMobile Home Park Residents Face HomelessnessIn an effort to preserve our country’s affordable housing, it is our duty as community operators to keep Lot Rents in line with the market rate.

The low purchase price, combined with an established market demand, made this an ideal transaction for a fast turnaround and profitable outcome.

That type of property is ideal.