After discussing their goals, we realized they would like to maximize the property's value while also including me in the process, given my background in general contracting.

Your calculations should include utililies and repairs, legals, snow removal, etc.

I reviewed the SB9 legislation, and it states that properties occupied by a tenant in the last 3 years are excluded from SB9 but only if the project includes demolition or altering more than 25% of the exterior structural wall.

There are a bunch of great investors who are more than happy to share and network (including myself). 

You see, people love watching videos about topics of interest and they spend hours of their day consuming this content.

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.

Here's an article with FAQs including the cost of a study.

Its pros include streamlined property tracking, access to owner data, automated direct mail campaigns, and team collaboration features.

@Brandon SturgillDealCheck has a complete built-in glossary with explanation of every term/metric, including the exact calculation formulas used.