Quote from @Bruce Woodruff: I would have handled it pretty much exactly as you did, Chris.

You can use petscreening.com to handle this task for you and ensure you are compliant, but I still recommend you really understand the law so you can answer questions or assist with requests. 

Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

Starting small and scaling up is a tried-and-true path, and this community is filled with people who’ve walked that road and are eager to share their experiences.Feel free to ask questions, share your wins (and challenges), and tap into the collective knowledge here.

Use hard money loans to finance most of the purchase price, preserving your cash for down payments, renovations, and reserves, allowing you to handle multiple projects.

I'm just looking to buy 300-500 good units per year.It's been challenging in 2022 to do that.

It is handled more like a traditional mortgage at closing through title.

Depending on where you are looking, inventory for 1-4 units can be a challenge as a lot of the NW suburbs are all single family homes unless you are further NW like Rockford or Elgin or something like that. 

Challenges?

I have 5 properties, 2 in my State so I can handle without any apps but 3 are out of State and wanted to see any app there, this will be for a small individual landlord