Beyond legal requirements, I’d love to hear about any practical advice for managing properties, finding good tenants, and avoiding common pitfalls.

Just starting out and testing waters for BRRR in Chicagoland area.Any advice or suggestions regarding this?

Also thanks for the condescending advice.

He is 15 year older than me and given me great advice. 

You might learn from them, hire them, get advice from them.Best to you!

But be prepared because you are probably dealing with a professional tenant.

Not sure how old you are, and $200K in a 401K may be a little or a lot based on age, there may be so many implications taking out money from your $401k, especially if you are still working for this company.feel free to reach out for tax advice

You can determine if the cost segregation study makes sense by speaking with your accountant and many cost segregation professionals offer a free analysis.

@Kyia Raiford, I concur with the advice mentioned above.

I'm not as good a professional but the work I did was mostly good enough for us to live in, and the small fixes to make it good enough for renters has been worth trying to do it myself.