Scott's guide and am trying to follow it to a Tee.

And a follow-up for you: how much work has to be done on the unit if the tenant moves out to make it market-rent ready?

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

But part of this game is following the Pareto Principle and building in a margin of safety for the big-ticket items. 

(tenants that won't pay rent) and (damaged property from bad tenants) You can reduce this risk by the following: Increase your cash flow by renting to tenants through non-profit Organizations.

See https://noprop10.org/On AirBnB in San Francisco - The City of San Francisco has strict regulations on AirBnB in the city.

Follow that list of questions and then ask the mirror opposite of those questions and see if you the two answers line up.  

That could be a great way to find and stay engaged with local investors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors and agents in Chicago and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersBest of luck to you and look forward to following your journey!

Here's a recommendation for you:If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

@Joe HinesHey JoeI’m working to follow the advice that you have me a couple of months ago.