Definitely be sure to properly vet your PM - asking the right questions - experience?

I was turned down by all of the companies that are often mentioned here (Proper, Steadily, Foremost, American Modern) and many others. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

A lot of Chicago proper housing providers only do move in fees.

Small, efficient, if properly maintained will last a long time.  

Get a title search, or see if the county does one and if you can get a copy; it may be considered attorney work product and non-public, but you can always ask.Also, see if you have any local investor groups and if so, if anyone has experience and can walk you through some of it.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

@Jennifer Taylor First  answer this: Do you currently operate your properties with all proper permits and licenses?

Google Kumulori.com to see book.Is this a good type of local gift product for Airbnb and hotels?