This level of scrutiny drastically reduces the risk of renting to unreliable tenants.Realtors vs.

@Jacob DaltonIt seems you have a high level of concern when it comes to investing in Cook County.

We run investor relations in house with our company - so I believe this adds another level of transparency when communicating with investors.

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

the good news is that you're in the middle of a "masters" level education at this point.

The "big" firms like AA may get a lot of hype but they generally can't compete on the next level tax strategies (Family office type strategies) nor customer service as their employee turnover is quite high.  

Depending on your practice size and income level, you may just want to start with maxing out 401k and also adopting a defined benefit plan before committing to becoming a lifelong real estate investor.  

Due to a very high entry level in my home state (Long Island, New York), I have turned to look at out of state markets, particularly Augusta, Georgia. 

That said, you deserve a management team that treats your properties with the same level of care and attention as they would for larger clientsI’ve heard from other investors that finding a great PM company can be a game-changer.