Gym, quiet spaces, child care, etc. - just some options and thoughts.

It sounds like there's a bit of a vacuum in reliable local property managers.I was originally thinking of setting up a property management company to take care of the properties that my partner and I purchase.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.

Chicago's Residential Landlord and Tenant Ordinance (RLTO) and building codes require that all rental units meet zoning, health, and safety standards.

I would definitely take care of the cracked/chipping ceilings.

These lenders care more about the value of the asset that is financed rather than your credit score or income documentation.2.

You would need to find a property manager to care for the investment until you return, which will eat into the profits.

Some sellers may not care and those that are in protected class's IE non english or simply not educated might still get taken advantage of..

I'll take having a health care directive over 10 LLC's any day.