The process must also be continually improved as new technologies come online, laws change, bottlenecks are identified, etc.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Start by educating yourself online or through courses on the house flipping process, renovation costs, and market analysis specific to Chicago.

If someone recalls payment fraudulently through an online software, then we move to certified funds only for rent immediately.

Getting this information online will result in guesses, making risk in this situation.Good Luck!

My buddy and I split that and then we took the class online.

There are multiple studies you can find online on the major markets.

We use Autohost to automate this process via an online check-in system: https://www.autohost.ai/You can also use it to gather additional information and place a hold on their credit card, similar to a hotel.The one downside of Autohost, is that it doesn't have an automated way to collect the ID for all the adult guests (although it collects names + email from the guest).Finally, Autohost can also be used to have the guests sign your rental agreement and agree to your house rules.

@Mikhail EgorovI use QuickBooks Online for most of my clients.

I recently helped connect a friend of a friend to one of my contractors who had started the build on his 400 sqft ADU with a contractor that he found online.