Said it was for sale but didn’t have any contact information for them.  

Thanks for the information.

. - You've got some pretty solid information above and concurrence that it shouldn't cost nearly as much as you thought, but on a separate note, I'd like to understand your situation a bit better.You are currently just looking for a Chicago property to purchase and asking the quit claim question in preparation for closing? 

Please understand that my post is for helping new hosts and showing them the STR world changes so fast and the information from the book or podcast you are using can be outdated.Airbnb / Vrbo previously never penalized hosts for using multiple platforms.

Did the book provide enough information to get started such as contracts, tax liability information? 

Quote from @Marc Cohen: Thanks Kevin, appreciate the information.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I would like to receive more information on this from real investors

My contact information is available to discuss matters privately.

Buyers, sellers, and investors need to remain flexible, informed, and willing to explore creative options to find success.