Readers should seek professional advice.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Unfortunately due to the business you choose to operate incidents like the one you experienced are more likely to occur compared to a property that's continually occupied by a tenant where the water would more likely be run at a higher frequency which would prevent the pipes from freezing.  

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

I handle dispositions and tech; my business partner is more experienced with exit strategies and the finer points of investment.Hope this helps!

BiggerPockets is a great place to find featured agents experienced with long-term rental investments—they can guide you to cash-flowing properties and connect you with resources like contractors and property managers.

These are professionals with additional training and a stricter code of ethics.

My main hope from being a part of this group is to learn from investors or syndicators that are more experienced than I am.

.✅ Professional Tenant Screening – Property managers have systems in place to screen applicants thoroughly, reducing the risk of bad tenants.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

For experienced borrowers I can lend up to 80% LTC and 100% of rehab on 5+ unit apartment deals like this.