Don't be that person.  

Some of the heavy hitters here in Chicago discussed the ADU program with a very nice person from the building department.

I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.

I have my own leads (name of decedent, physical address of property, personal representative for the estate, Their physical address.

I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often. 

When your LLC takes a loan, expect as members to personally guarantee the debt.

I spent many years managing myself and personally collecting rent checks. 

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

We recently started a Co-Hosting business and are managing for one other person.

While some strategies may work here, those strategies might not suit you.I don't personally do MTR, STR, co-living, or other nuanced strategies.