Hi Ryan, I'm a licensed real estate broker in Illinois and also a property manager, and yes, in the state of Illinois, you need to be a licensed real estate broker (to be compliant) in order to manage property owned by others, because property management is considered a form of a real estate activity under Illinois law. 

Best bet would be a “partnership” with a monied individual looking for a high risk/high return passive investment with you providing the “active” part.  

Now, Christian hasn't been active since 2023...but sometimes people just read things and don't respond very much.Now, the things I would share with you in your inquiry here:1.

So to that extent feedback on BP is highly biased towards those activities..  

Are you looking to invest into a passive vehicle or are you able to utilize the funds in more of an active capacity?

If you are looking for a more active solution you could buy a turnkey STR.  

Keeps costs low and guests satisfied!

My fellow agent Jennifer Flynn is great in handling rental properties...she can get you tenants and manage your monthly activities well.

Excited to become more active on BP and take my career to new heights!

We are set to head back to Kyoto in a few months to start prepping the property ready for guests.