I would recommend reading the following books;Millionaire Real Estate Investor by Gary Keller - This book is all about reverse engineering your goal a breaking it down by steps.The E-Myth by Michael Gerber- RE Investing, construction, development, property management, etc. 

With this the property income or loss is reported on schedule E of your personal 1040.

I don't want to keep the cash locked up for more than 6 months. 30-45 days would be ideal.  

@Omar E. - Good question.

Gary helps everything make sense by reverse engineering the goal of $1M income and getting that goal chopped down to actionable and measurable steps.The E-Myth by Michael Gerber- Highly recommended no matter what type of business you’re looking to begin - RE Investing, construction, development, property management, etc.

Under 6 months only requires 30 days' notice. https://www.chicago.gov/city/e...That said, these time frames do not apply if the tenant is delinquent on rent.

Here's the event link:https://www.eventbrite.com/e/b...

Ideally look for a Realtor that is also a property manager (even if you decide later to self manage). 

Originally posted by @Derrick E.

Regardless of the size and type of retail property, below are some considerations and tips to consider when evaluating your next retail investment.Types of Uses Matter More than EverOver the last five years, the growth of e-commerce has forced the retail industry to evolve significantly.