I learned patience in grad school by manually creating data sets for professors.

.✔️ You’re willing to learn Chicago’s landlord-tenant laws.Consider hiring a property manager if:✔️ You have a busy schedule or don’t want landlord responsibilities.✔️ Your house hack is more than a 2-unit property and requires more oversight.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Lessons learned?

If you can house hack where you are at, that alone will be enough learning to give you a good taste of what you might be looking for.

I realize it may be a stupid one but I'm willing to look stupid if it means I learn something. 

Definitely more I would need to learn in order to make it work.

Lessons learned?

While I’m new to the business, I’m eager to learn, grow, and connect with local investors, landlords, and fellow real estate professionals.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.