I would suggest you hire an inspector as well as have a general contractor go out to the property.

Any semi-intelligent agent is going to do the math and want to cover their expenses.

I'm going to take a wild guess that those are STR or MTR rents, is that correct?

I’m pretty sure if your eyes go straight to an air vent, that is bad design 😂 That certainly could have been cropped!

If I was going to buy in that area I would go closer to U of L.

I would retain control during my lifetime, then the property would go to my daughter.

I work in WA, not IL.Sounds like similar facts - you need to be licensed if you are going to manage other folks' property.Here, you need to hang your license under a managing broker until you can get your managing brokers license, as brokers can't touch money and do a few other things legally.If it's like WA, you will have to hang your license under a managing broker at a brokerage, and coordinate deposits, contracts, fees with them.If that is the case, ask some brokerages that will allow you to hang your license under them for minimal fees in order to be compliant.

Worried about saturation, thinking about going hard on the themes to appeal to visiting families.

With the current language of the statute, after you exhaust Sec. 179 and 168(k), you cannot take them "again" in a future year unless that's part of whatever the new tax bill is going to be.

going to commercial financing on 5 units will significantly hurt your valuation.