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!

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

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

Ideally we would love to live in my childhood home.

Iam also seeking partners and like minded individuals with whom I can execute on first deal in first half of 2025.

Looking for any advice out there on switching my MHP from Master Metered water and gas to individually metered. 

But I think it has more to do with how different individuals handle what is technically an invasion of their space and privacy.

Moreover, for someone in your position just starting, it's best advised to partner with an experienced individual to mitigate risk and adequately learn the process.

I am planning to build a portfolio dashboard for my properties in Excel, and I have a pretty good idea of what I want to see about them individually and combined. 

Yes, they are actually selling individual units as well