I would guess you need to have someone full time for atleast three months to start getting anywhere.

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

@Matt Smith the reality is that Chicago is full of "non-conforming" units.

Quote from @Danielle Levy: Lesson learned: provide the full story up front and you'll get better advice.If you feel there's a case, put together all the evidence.

Don’t have the time to do property management right now however as I have a full time W2 (accredited investor) and a family to raise. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

@Chris Babb,I have moved in to the Build to Rent field full time. 

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.