It was hard to find anything that cash flowed enough to make it worth it to us, and I personally prefer to have the ability to manage my properties myself.We decided to pivot into business acquisition.

This would further support the recommendation to negotiate a step-down mortgage structure, such as tiered payments or interest rates, to reconcile the seller's valuation expectations with the practical realities of the park’s financial performance and provide a feasible acquisition pathway.

As someone who used to provide housecleaning services on their own time, in addition to being an acquisition specialist, I'd say if she has written terms for that or a website or service page stating that to agree to pay her.

I cannot speak to the IRS compliance as I am not a CPA but I am happy to share some of what they do, as well as assist in any management and/or acquisition questions. 

Make sure you know the value the ADU will add to the property before building the ADU. 2) the financing on an ADU is typically far worse than for initial investment property acquisition or is often not leveraged by the ADU (HELOC, cash out refi, etc).

A good one will also have skin in the game and will even be able to bring new acquisitions to your attention.

During period of low interest every post on BP was about cash flow - now that cash flow upon acquisition is dead the only option is equity which is also reeling because price appreciation is finally back to realitypersonally I buy for growth because I buy to hold for 10-20 years or longer.

And are you looking at certain suburbs or areas of Chicago for this acquisition?

As others have said, you will get lent more money usually with rehab involved than on a straight acquisition loan.

I know a couple of the Realtors on the team at Suncoast Property Management, Acquisitions & New Construction Manager, Gretchen Kornutik, REALTOR® - Good person.