Today I had a heater issue and snow company that was late handling commercial before residential so we ended up clearing it.Open to each option.

Seriously, it's important.And as mentioned above, the amount of rent you receive on multi-family properties is based on 12 month rental comps.  

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.

I'm sure it was highway robbery - it certainly was based on the man-hours it took - but when you are in a desperate situation, you do what you have to do to get yourself out of it.  

My vote is option one.  

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

I would recommend you begin researching Chicago based meetups as there are a bunch of really good ones.

I have considered turnkey properties as an option

With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

If you’re looking for ways to make the numbers work, sometimes that means evaluating different markets, financing options, or property management strategies that help mitigate risks like vacancies and maintenance surprises.You’re not alone in feeling like 2025 could go in multiple directions, but one thing remains true—real estate continues to be one of the strongest vehicles for long-term wealth when approached the right way.