Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

Personally, I self manage but have built systems to allow it to be fully remote and very passive.

I personally would avoid over investing in this unit.

Interest rates need to drop a certain amount in order for a person to make a transaction right now.

With that being said, I personally know several people who've had tenants that stop paying their rent and try to hang around for as long as possible. 

Highly suggest coming out to some of the local chicago IN-PERSON meetups! 

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

These loans are based on a property’s rental income rather than your personal income, making it easier to qualify as you expand your portfolio.Networking and Mentorship:You’re already off to a great start by reaching out here!

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.