Luckily its only a mile away and a short drive with no street lights or traffic. 

we currently live in long island, and was thinking of upstate NY, as that would be a drive away, if we ever decide to convert the STR to our vacation home.

Do a deep dive on the property too, checking it's all clear to sell and there aren't any hidden surprises.

But all of this was when LPs were not diving deep because distributions kept coming monthly, an email was sent on a given day each month, and the only accountability needed was hitting projected returns, which was pretty easy in a bull market.Now, with more scrutiny from LPs and distributions not coming, those surface level emails are proving to not be showing much.  

It is a good way to drive 5 star reviews.

Just prepared to run those numbers with their buyer commission, as that will be changing.Third, the property manager should be the driving force behind how and where you invest in the long term.

https://www.biggerpockets.com/analysis/rentals/b4636fbb-f12f...View report
*This link comes directly from our calculators, based on information input by the member who posted.

We had a few where we had to wait until rent assistance kicked in (and don't get me started people driving a Porsche and collecting rent assistance), but in the end we were whole.

They did a deep review of my listing and called me back.

Hey @Jake Wosick - You should definitely connect with @Zach Shepard above, he's been a great mentor for me and knows the off-market chicago space better than most.In my opinion, the key to off-market deals is understanding the ROOT issue with the seller.