Usually- it reduces their fear of a the unknown.

It reduces the risk for the investor if they stay local.  

Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.

.✅ Professional Tenant Screening – Property managers have systems in place to screen applicants thoroughly, reducing the risk of bad tenants.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

Any gaps that get created between bookings automatically have the min stay reduced to the gap length. 

If you offer more than your MAO, you may not be able to sell the property to a cash buyer, your profit may be reduced, or you may not make any money on the deal.

In reality, the insurance payout reduces the adjusted basis.

When this occurs, area incomes fall and cities reduce spending on police and schools.

I know this is above and beyond what most municipalities require, but being fair will make the whole process easier.Additionally, a new landlord can reduce the 60-90-day notice by offering more moving assistance (cash and/or labor) if they move sooner rather than later.

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.