.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

There is a light at the end of the tunnel, be strong... and then maybe call your local councilperson to tell them about the horrible situation you're in.

I’ll also connect with locals through BiggerPockets or Facebook groups for first-hand insights.If visiting isn’t an option, lean on a reliable local team (agents, property managers) to help vet the area.

Hi Jared, I’m a local agent here in Indianapolis and also an investor myself.

California attorneys just want you to LLC locally and pay thru the nose the california franchise fee of $800 per LLC per year. 

Wrapping 3 properties into one blanket loan shouldn't be a problem, save these are sitting on any sizeable acreage.You might get lucky and find a unicorn local bank or credit union that would consider that kind of leverage, but I would say overall, those terms are very unrealistic.Cheers!

Zero in 2024 in Huntsville - which is precisely why we bought zero LTRs in 2024 locally (bought one out of state, and bought a local flip property and one small local commercial property - slowest year since I started REI in 2017). 

I know several local companies that really actually want to do a good job so they don't charge anything to cancel the contract.

Maybe partner up with a local flipper on the renovation, split the profits after the sell and move on.

I would be happy to connect you with a Investor Brokerage and Full Service property management with a local team in Houston.