You could offer 6 months of guidance and help to the new owners if they are noobs to STR.

I am very new to real estate investing and I am now putting an offer in for my first potential investment property.

The revenue was based from AirDNA and also finding comps.

My offer got accepted for an investment property in Pennsylvania.

Rather than go with a classic arcade style game that I would like, they got crazy excited at the idea of a PS5 with a game subscription.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

Based on your post, it's probably best for you to simply not invest in Cook County for your own peace of mind.Sure, any tenant could stop paying rent and that risk is never zero.

Most PM's here charge 15-20%, most are 20, but will depend on what services they offer.

They offer a layer of protection that can shield you from personal liability.

Real estate is not my of my knowledge base at all but I want to start working on building passive income now (I’m 44).