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Hello! My husband and I are still in the research and learning phase (we plan on getting into actual investing by mid 2024). Any and all suggestions on educational material is greatly appreciated! We are also open to ...

While laws may vary slightly by location, a tenant breaking the lease is usually obligated to continue paying rent until unit can be re-rented.

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If you're doing this on your own for Illinois, first look up the LLC here: https://www.ilsos.gov/corporatellc/Some LLCs will have whoever the sole member is listed as the agent with their home address there, while others will have their attorney or a company like CSC (and in that case its a dead-end).

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In that scenario, who counter-signs the leases with tenants, signs checks, etc.Since it's a child LLC, with a single member, and that member is the WY LLC - it's just a bit unclear if you sign as the parent LLC, or a member of the parent LLC or what.Example: You have a new tenant at 123 Main St., LLC.

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and while the language in 601.1.D points towards "No unless for an older family member", I feel the language is unclear. 

I recently moved to Toronto and wanted to invest in a rental property here, but I am finding that rents are very low relative to purchase price, so I would be relying on capital appreciation to make the investment pay off.