At a minimum, they could have listed a 15 to 30 day vacancy gap for turnover and repairs.Chicago is FOR SURE A CHALLENGING CITY TO BE A PROPERTY MANAGER, but likely even more than other industries, you get what you pay for with a property manager. 

If you are in the industry then you already have the connections.

Hi all –Disclaimers:I don’t have any experience with industrial real estate - or CRE generally speaking for that matter.I will be keep this post intentionally vague for the sake of privacy.

It seems like the condo you linked is almost geared towards short term rentals, so you should be in the clear on this specific situation. 2) I would take a look at some STR data either via a dynamic pricing software (pricelabs, wheelhouse, etc.) or take a look at Airdna to take a look to see what is the “sweet spot” is in terms of size of rentals in your market.

The vibe here is all about growth, learning, and banding together to make moves in the industry.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

This is for someone with zero RE investing experience and has only bought 1 house so far that had 2 other investors and RE agent helping so they would have a learning curve on spotting deals that would turn a cold call into a viable lead to sell and learning about contracts.

I have a great W-2 not in the industry, but became an agent to be more educated/empowered and save the 3% fees.

There is a lot to learn, and to be frank, the knowledge you're seeking will be 40% of the industry.

I always tell people that when I got started in the industry, I expected future-me to always look back on the amazing deals I was able to close.