@Jared Appel - luckily we have a very strong investor community here in Chicago and lots of options. 

Quote from @Hector Espinosa: Hi All,I would like to hear your comments about the following property, which I think, based on the analysis I made, seems to a be a potential good investment:* Purchase Price: $98,000* Monthly Cash Flow: $310* Annual Cash Flow: $3731* CoC ROI: 15.86%* 5-year annualized return: 15.35% (with a profit if sold of $25K)Also, what are some of the disadvantages of buying old houses? 

., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.

I think if you networked you could have a strong base to go at it solo without dealing with partnerships 

Reno's STR demand has been unexpectedly strong and rewarding.

Analyze and submit offer based on if you would have a 3rd party property manager.

If you have strong savings and income it's not as big of a deal

However, we always send our guests the following message after they have been in the home 3 nights: "Nowthat you've been in the home for a little bit, we're touching base to ensurethat everything is going well.

Do you have a strong lease that you understand and can enforce?

Subsequent to that, I do see more letters going out based on our continued review.