You need to be responsible, but firm.  

Thank you all for your responses.

I plan to negotiate the rent and I want to present my proposal to show how I’ll manage the property responsibly.

I I appreciate the response.

They have not received a response back from you.

@Kevin Collins I apologize; my response came out a little rough around the edges and I assume that you certainly have done your homework prior too.... but that is a bit of my point... nothing will change when you go and work with a realtor and find investment properties yourself... figuring out what the property is worth IS PART OF THE ANALYSIS (if that's important to you) and because of this it is no different than other than you should now be verifying what the realtor will tell you it's worth as opposed to what the turnkey is telling you. 

FWIW Jay, please tell that to Jim, whose unicorns and fairy dust response (earlier in the thread) to the problem is as follows:"Also a non-starter is your hyperbolae; "toxic waste lot's"......

In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.

Thanks for the detailed response!

The challenges in real estate teach you invaluable lessons that you might not gain otherwise.I also invest in Chicago, so I have a few thoughts in response to the questions you raised.