The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

I have decided that I don't want to build a real estate empire but rather generate that cashflow from as few properties as possible. 

Trust and referrals are the lifeblood of building relationships in the real estate investment world.

Does anyone have a good inspector recommendation in Chicago northwest suburb ?

Build a strong brand, leverage content marketing, and establish a personal brand to attract investors and build credibility.

It is our goal to provide all the tools, resources, education & coaching any individual needs to learn how to build a sustainable investment portfolio to achieve financial independence & generational wealth through real estate investing.It should be noted, that while the Academy is not a requirement to invest with RTR, the individuals that do join the Academy are much more successful long term since they have spent time to clearly develop their own individual investment strategy & plan!

But if you build a solid team and do your homework, it can be extremely rewarding.If you’re interested, I’ve put together a lot of resources on the market that might help—happy to share.

My idea was I could live there immediately and also do all the minor work that would not require an actual tradesmen, which would allow me to start building equity.

Given that my unit is sandwiched between two others, could this be a structural issue affecting the whole building?