I’m about to tell you about a deal that could have easily fallen apart, but instead turned into a $200k profit after a lengthy eviction process. This one came from Massachusetts, a state where the eviction laws are no...

And all the folks that could never get a deal to close and lost their deposit to them and EM etc etc..

You have two options: attempt to gather these resources or collaborate with an existing team.

All hope is not lost for a Lincoln City STR that can be licensed immediately though.

What matters more is how easy can you get there, how often will you be there to learn, how good is your team. 

Other considerations are the lost costs to sell and re-purchase other properties.

@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. 

We lost multiple 6 figures in EMD$. 

And I suspect their E and O will kick in if this money is lost  just sayin..

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.