I am coming from Bloomington, IL and also looking for a fresh start!

It took me about 6 years but I finally reached the point where all of my properties have this color scheme and I only need to store three cans of paint for touchup. 

Exploring New Horizons; The Emergence of Tokenized Real EstateIn the realm of estate embracing innovation is the catalyst, for unlocking fresh opportunities.

There would be no tenants I would have to deal with, only setting up a date for renters to move their stuff in and out.I'm also wondering if it would be a better idea to rent out the entire basement, or break it up into smaller rentals (i.e. a 30x30 space or a bunch of 10x5 spaces etc.)I'm imagining there is a market for people who need to store boxes for a quick move etc., but I can't imagine one person filling the entire basement so that's why I'm considering breaking it up if possible.

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

We wait until right before your mailing to order your own personalized, completely fresh list to ensure that your prospects are as current as possible.And, as a mailing house, we've actually found that our prices are more affordable than most list brokers, since selling lists isn't our only form of income.

You keep the stores as retail space or did you convert to apartments?

In Brandon Turner's book "The Book on Managing Rental Properties" he talks about accepting the initial deposit as a deposit to hold the unit and has verbiage that the "deposit to hold" will automatically convert to the security deposit upon move-in.I'm working my way through the book now, so it's fresh in my head.  

You should have a main account for each property and then most local banks will allow you to create sub-accounts where can store funds or separate them into those buckets as the rent comes in.

I am trying  to purchase a multifamily house , outside of the city where i live it wis about 150  miles from my location ,  how do i figure out the demographics of the area and also the medium income around the area where i am planning to purchase . do i need to look for any big stores/shopping malls or any govt offices around the area to see if the place would be ideal for purchasing the property for renting it .