I was watching a Youtube video by Rob Abasolo that you may like to consider called "How I'd make $10,000/month on Airbnb if I lost everything and had to start over".

I exclusively work with out of state investors like yourself to help them find some great properties to start/build onto their portfolios in the Memphis market. 

If you are just getting started here in Chicago, house hacking is the ideal situation.

Thank you for starting this!

Usually a plumber can pull out the old caulk and re-caulk in less than an hour.  

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

Hi Drake,You are in the right space to get started, so congrats on taking the first step.

I am ready and will be starting with property number one sometime, hopefully, quarter one of 2025 with a possibly 2 bedroom and 1 bathroom single family home; as this is within my current budget.

Start with the list criteria that will put you in front of likely sellers.

Honestly, it seems like you’ve got more skin in the game than I do since I’m just getting started as a bird dog, but I really admire your approach.I think your focus on tax-efficient strategies and building a reliable team is spot on.