Also, if you're familiar with Chicago, it's your standard 6-unit building, so imagine the sidewalk surrounding it. 

Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.

On our first house we have a standard key and have an extra key onsite in a lockbox in case for any maintenance and lockouts.

In my market, I only have one vendor qualified for appliance warranty work, and the warranty companies paid him half his standard fee for each service call. 

I didn't know there was a different type of insurance that I needed.I had bought the home with a standard mortgage and standard insurance and then I decided later that I would flip it. 

Quote from @Jacob Hrip: I have read this one years ago and it is a great book by a very successful guy in the space!

It depends on who you're hiring but that seems fairly standard.  

This step by step process is all laid out in Scott Trench's book "Set for Life".

Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I alwasy respond yes and ask my standard follow up questions and never once have they responded back to schedule a showing.