They also stated they only allow three brokers and three cash homebuyer “spots” in any given area, and they only move into areas where they can guarantee at least 600 leads per year.

Unfortunately, some blue law states (e.g., Massachusetts) don't allow us to leave alcohol in our Airbnbs...

Since downtown development land goes for $30 million/acre, $100k imposed by the progressive city government for a 40 story building permit is a minor annoyance.

Hi Helena, id recommend reaching out to@Wale LawalHe specialized in working with out of state investors and will be able to properly guide you.

Illinois is tenant friendly state.

What out of state areas have you considered?

Here's a list of things to track:- Formal lease application- Formal signed and executed lease specific to your state- Payment history (I recommend using online rent collection like Apartments.com, RentRedi, etc)- Maintenance requests and receipts- Accounting for all rental-related expenses (repairs, utilities, etc) The more you treat it like a business, the more helpful you are to your CPA come tax time. 

Awesome to hear you are in our market, we have a lot of clients who invest both out of state and in-state like yourself!

The only solution I see is connecting them to city sewer which won't work 95% of the time. 

Joining ULI/NAIOP in your local city could help too.