Also, there is a need in the marketplace for a co-living PM company that doesn't charge too high of rate. 

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

We specialize in helping investors access opportunities in both residential and commercial markets, leveraging our network and industry knowledge to identify high-potential deals.

The good news is that it will still serve as a house hack when we move, as there are multiple units on the property.Our concern is that it is in a high fire prone area.

Despite the fact that the market has dropped significantly both in rent and price, I still think the market should be considered high risk/high reward.

Insurance companies are taking a close look at building materials, quality, and updates. 

If you meet that requirement, I highly recommend it. 

@Jennie Berger gave you the whole kit & caboodle on Chicago zoning so I don't have a ton to ad, however, I'd highly encourage you to engage an architect like @Samuel Pavlovcik or @Prashanth Mahakali, both are awesome local Chicago resources.

•Tenants demand prompt, high-quality service and without caring about cost •Vendors seek to earn as much compensation for their work as possible.Balancing these needs requires thoughtful stewardship, strong communication, and a commitment to fairness.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.