Quote from @Jared W Smith: In commenting on your 2nd point, an Architect familiar with development vs an Architect that does other types of work each have different skill sets @Robert Frazier. 

In my opinion, the only one's who should ever consider or who it may be viable for in urban/ suburban settings is MFH.

If its little down or nothing down then of course this is a hard no.. this could be set up pretty easy to rip rents.

The listing agreement would include within the commission property photos, a set number of “door-opener” tours, some hours of phone/Zoom consultation with a licensed agent to set a listing price and discuss offers, counter-offers, and closing mechanics.

Adjust your strategy and/or your team as you go along.hope that helps..

Hello,I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses.

If I could, pick your brain a bit more, how much do you typically set aside for things like CapEx/Vacancy?

I usually adjust temperature right before a check in to make it comfortable for guest.Love the Honeywell 9000 color touchscreen thermostats.They also allow me to locking a temperature range so the guests can't set temperature to 60 in the summer.

This house had 12” of water/ice in the basement... there’s a nice sump pump set up just sitting there with no power...

Switching property managers seems like it was a smart move, especially with how much you and your wife had to step in before.Chicago definitely isn’t an easy market, but it sounds like you’re set up for better success moving forward.