If you can dump this property for break even, I would make that move as soon as possible. 

@Daniel Baker What do you mean by breaking even??

Make sure you have that addressed just from a liability standpoint. 4) You could also look into a mid-term rental option with traveling nurses if you think the unit is truly rentable. 5) AirBnB restrictions have gotten much stricter as well in general in Chicago, so make sure you are on the right side of those if you put your unit up since you are required to register with the City.

The break-ins happened on 2 separate SFH that are not located near each other.

Taking a break from working on our 2024 bookkeeping and taxes. 

It was free so worse came to worse I would break even How did you find this deal and how did you negotiate it?

Starting out in real estate can feel overwhelming, but breaking it into clear steps makes it manageable.

You said you’re not sure yet what route you’re going to take and I applaud you for doing the investigative work now, before you break ground!

I live in a lower-income area, so I figure that the better tenants you will get with a safe house, the ongoing safety the tenants feel, and the lowered risk of a break-in (when occupied or vacant getting ready to lease), and reduced headaches/vacancy/potential damage are worth the marginal up-front cost of having it installed.

. ($300k has to be earned to net $250k.) so you’re looking 5 years of zero vacancy and zero capex to break even.