This is so I know if I should keep the person I currently have.

Are you able to go there in person to build your network? 

So they price those homes at what a willing homeowner will pay for their personal residence.

One-person rental units are in the highest demand, and co-living directly appeals to this market.

Are you interested in S8 because of a personal reason or you think it's the next "hot" investment idea?

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rental unit.• I was able to keep it well occupied and leased throughout 2024.• I sold the condo unit in late 2024 for a nominal profit.That brings us to today. 

I personally do not have experience managing rentals.

If you make the person an LLC employee you can get around it, but partner does need to be careful. 

I personally think being a landlord in Chicago is easy and I have never had an eviction.