The property also comes with 7 acres that the airport told me i could improve with their permission.

This negative initial cash flow improves quickly.  

Hi Paola,If you are looking to buy another primary, looking to put the property into a LLC, may be changes in your income/job, looking for faster/smoother closing, DSCR could make more sense.

So he can do a crappy job and still get the funds.

I am not sure what type of real estate investing you're considering, but it sounds like, with your family and busy job, you won't have a lot of time to be hands-on or personally involved. 

Property is in Granite City, tenant lost his job, and has stopped responding to texts and emails. 

I have seen and heard many times over the years, "yea the Bank just wants to foreclose so they can reinvest that money in a higher interest loan" that is BS.Let me ask you this, if you worked for a Servicer and you went to your boss and told them, "hey Boss I am going to foreclose on a bunch of preforming loans", how long do you this you would keep your job?

Awesome, great job!

Started looking at condos, Airbnb’s now apartments. lost my job in the beginning of the pandemic, so I’m trying to make cash flow apartments my day job. my funds become available in April, so hopefully I’ll find my first apartment building in Chicago.

Don't get me wrong, there are plenty of terrible landlords out there, but deciding that you are victim of life's circumstances certainly won't improve your situation.