Knowing about construction, how to pick a good inspector and read inspection reports will save you a lot of headache/money -  it's difficult to invest in RE just by doing things online.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

I can also determine what things need to be replaced vs repaired vs modified etc which can save money.

We use Propstream but I am looking for some added info that Propstream does not easily provide  @Sean OToole is the owner and he has built an incredible platform..

I feel I have a rough idea, which is..I'm in Rogers Park, my next important step is to wait out 1.5 years until I can fully rent out the condo, but for the meanwhile get a roommate to save more money.

If your personal info changes in the future, you just update it for the one Individual ID versus having to update it in each of your Reporting Companies. 

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

@David Putz I wonder if someone is maintaining a list of where all the servicers are licensed...I can't imagine that would be easy to keep track of, but I don't know how often they would change.Having a resource that has all the typical fee info and service states for each servicer in one document would be amazing.

Thanks @Chris Seidler for that info

From what I have heard, Dayton is a similar market, and you will ALWAYS save money by investing locally by not needing to hire a Property Manager (yet).