Overall, it's a mostly all brick, historical older community that used to be well managed in the 90s.

There are individual a/c,heating, gas/electric, shared water, units and each unit is individually privately owned.  2 stories, no elevator.   

Brand new construction with traditional boveda ceilings, professionally designed and decorated, 100% turnkey for second home or Airbnb. 25 minute walk to the historic center and in gated community. $200,000 USDDid you sell this already? 

Our mission is to make owning rental property easy.Looking forward to engaging with this awesome community, sharing insights, and learning from all of you.

I saw a lot of conflicting  information on the Internet about whether condo is a type of RE ownership or just a bunch of units sharing walls.

The appreciation rate in these outlying communities paralleled with the days on market is a great data story to tell.

Please include:When and how is rent to be paidWhen and how are utilities going to be paid (if any)When and how is the cleaning going to be (if shared or provided)What are the costs associated with damages / breaking stuff / calling a technicianWhat are the costs of breaking the lease, finding a replacement if you are doing short term leases on the roomsIf they lost their keys or check bounces what is the charge for it, how the cleaning of the common areas is going to work, and enforcing quiet hours.

Looking for consulting for properties in Chicago and TexasI can share a few recommendations if you PM me.

Any tips, personal experiences, or resources you can share would be incredibly helpful.Thank you in advance for your assistance!

Thanks all for sharing your insights!