Tenant File: Create a tenant file for each tenant that will include documents such: application, tenant screening information, rental agreement, correspondence & notices during the tenancy, move-out documentation. 

Anyone know of a good contact there or someone responsible for owner correspondence?

I'm trying to figure out what the criteria is in ListSource that corresponds to the Cook County assessor classification code for an apartment building with 2-6 units, which is code 2-11.

I talked to my compliance department, and it's either Fidelity, or a managed account with my employer, Merrill Lynch--with a corresponding management fee of almost 3%. 

Nice to have you on here Mandy and I hope that you participate as much as you can.

The other thing is that rentals in our area have gone up in price significantly, with a friend who does property management telling me that we should raise rent by a minimum of $150, since all rentals nearby are going up correspondingly.

However, with a 1031 Exchange, there is no way to pull cash out to "pay yourself" since you must reinvest everything in order to defer the taxable gain and paying the corresponding taxes. 

Hi Everyone, some quick context before I ask some questions:-my dad is looking to invest has some capital and I have the credit and a small amount of cash as well as also doing all the work (finding a multifamily/small apartment deal, talking to brokers, property management, etc etc)-we are looking to split the income from the property (80/20) and also get the corresponding tax deductions in the same rationQuestions:1.)

This list would contain the zip code and corresponding name of the municipality, and a breakdown of the number of SFRs.

In other words, we were all over the place....I recommend you choose one strategy and learn it well.Your time in the military will serve you well:  when doing pre-foreclosures, we started marketing to owners in default and systemized processes with checklists that reminded me of my time on active duty, with flowcharts and scripts for talking with sellers, and corresponding file folders.