@Jacob Dalton, I'm going to have to agree with Jonathan Klemm (sorry, couldn't tag you) & @Brie Schmidt -- you can definitely be a successful landlord in Chicago with the right team in place.  1000's of investors do it every day. 

And don’t forget to build a solid local team—agents, property managers, etc.

Any contacts in setting a good team of contractors (general purpose) and cleaners?

Our IR team is vertically integrated in-house and not outsourced.

So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground. 

Narrow your top cities, build a local team, and refine your financial analysis to position yourself for success.Good luck!

My team personally has pivoted to more local affordable housing with local and county grants and incentives and we'll leave the more complex LIHTC deals to the big firms.  

I am waiting for the PIC team to respond and I am hoping its a miscommunication.

Hi BP Team, We have a few homes in Temple, TX and we are looking to rent by the room.

So, now the software and access to him and his team is free for him to wash, rinse and repeat!