Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).  

I recently came across a property near the international airport that seems to have good cash flow potential.

Hi Michael,I agree with Bruce that rephrasing other people’s content can be risky, as it could potentially lead to plagiarism issues, and it doesn’t establish your business as an authority in the field.

Seems like a property that isn't going to appreciate rapidly so cashflow will be vital to its investment potential.

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.

What are your thoughts on its potential to deliver financial freedom quickly compared to traditional real estate investments?

Tariffs on goods and potential reduced labor force (illegals being deported) to build.I can't see changes in S8 benefits.

However, some challenges to consider are the additional paperwork, property inspections, and potential tenant turnover.

This has the obvious weakness of the unknown nature of future cap rates, but that's really the heart of your question here.Estimating future cap rate is part art, part science. 

Look into Illinois first-time buyer programs for potential grants, and think about leveraging business credit once you’re established.Good luck!