Thanks for any advise in advance!

There is some great advise already in this forum but a couple of thoughts/general things to consider below:-List it as many places as possible Furnished Finder, Zillow, Airbnb/VRBO (30+ day stays), Facebook groups, ALE Solutions, etc.

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

If asked for an LOI, it's usually a reasonable request, and drafting a simple LOI outlining your offer and key terms is advisable if you're genuinely interested.If you're unsure about something in the LOI, consult with a real estate attorney before submitting it.

It is much more important to get to know what a PM's experience is, how many years they have been managing properties, are they also an investor, what types of owners they work with, how many total units they manage, what their largest property is, what class of properties do they manage, how do they handle tenant communication, maintenance requests, expenses, do manage commercial or residential, and what type of software they use.Just some advise from a seasoned investor and property manager, The First Question That You Shouldn't Ask is, How much do you charge?

We try to advise investors not to purchase in over densified projects, there are some developers just trying to maximize profits for them and developing projects that in my point of view are not the best for the long term, it creates what I call nightly rates cannibalisim between owners lowering ROI, it also doesnt work on your favor if you ever want to flip it. 

As I was preparing my taxes, my tax professional advised me that management LLC is redundancy and it doesn't make sense to have, it's like moving my money from one pocket to the other.

My property manager advised me to keep rent below $1300.

A couple other key assumptions that I would advise "kicking the tires on" before moving forward:1.

Hello! I love in the suburbs of Chicago and go to a university nearby. I still live at home as of right now. I have been working in a local bank for the past 3 or so years in the commercial lending department to get a...