To some capital, as long as the product is not traditional vertical, apartment-style product then it is still build for rent.The biggest evolution I have seen in Build for rent recently is the transition to multi-parcel and for sale/for rent hybrid developments which is contrary to what was more standard in build for rent 5 years ago---traditional single parcel developments for density and tax purposes.

I'll reiterate what I said on your prior post a few days ago about this tenant.

This way you wouldn't need to provide paystubs, W-2s, tax returns etc. 

Consider more than just rental income, such as, prior tenant history, civil and criminal background, employment history, number of occupants for the size of the home, desired move-in/move-out date, etc.

If your LLC earns a profit on fees it earns from property management you will owe self-employment tax.

I've always thought Chicago had outrageous property taxes.

Can you take the small profit which may qualify as "tax free" and invest in properties on the mainland, or in a retirement account.

The same in Vegas Nevada has the 4th lowest property taxes that do not assess on the sale of the property, very different than CA. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

As for a tax professional - you can find those under the "Build Your Team" tab in the Navigation bar of the site.