Choosing between investing out of state and house hacking locally involves weighing various factors.

Of course that excludes all the regular risk factors that affect the entire country or the world and real estate anywhere. 

When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

How much on average should I factor in for my out of pocket purchase cost, on top of the offer price, if buyer is responsible for all closing costs?

@Alex NassarChoosing between single-family and multi-family properties as an investment strategy depends on various factors, including your financial goals, risk tolerance, management preference, and the real estate market dynamics in your target location.

Anderson charges $13,000 for first year set up for my situation then yearly fees (I stopped adding up the numbers after I was in shock about the $13k). 

I have the moderate cancellation policy through AirBnB, and our guest did not cancel 5 days out, so they are being charged a fee. 

Here's a brief overview of the key steps, legal requirements, and factors that can impact the timeline.Steps involved in an evictionThere are usually several steps involved in the process of evicting a tenant, beginning with issuing a notice to the tenant to vacate the property, followed by filing a lawsuit, and culminating with the physical removal of the tenant and their belongings from the premises.Legal requirements and timelines for each stepEach step is governed by specific legal requirements and timelines.

if you do 75% ARV cash outs  ( I think you can get that )  figure on at least another 5% in loan fee's closing costs etc .. along with taxs will need to be current insurance etc.

This will assist in locating any possible problems that could need to be fixed right away or have an impact on the property's long-term worth.Note that each real estate venture is distinct, and there can be particular factors to take into account given the Chicago real estate market.