And keep paying $800 a year franchise tax?

If you have a great bookkeeper, that will help keep costs down, but my guess is that he is spending some time cleaning up the financial statements.

So you really again I'll come back to you got to kind of dig deep and you're going to have to keep getting in front of these brokers, , before they start taking you serious.

Something to keep in mind while vetting. 

Therefore, if your rental income doesn't keep up with inflation, you must consistently reduce your monthly expenses or return to work to compensate for decreased purchasing power to maintain your living standard.No matter how many properties you eventually own, unless rents outpace inflation, you can not achieve true financial freedom.Back to Your SituationYou stated, “I don't believe that the property will continue to appreciate or see the rent growth it has seen over the past few years.”

The recent NFL Draft, hosted by Detroit, brought in over 300,000 visitors who's attitudes about Detroit did a 180.Detroit also beat out Miami last year for the city with the highest appreciation rate in the US.It's not all unicorns & rainbows though, as there are still many areas of the city investors should avoid, which scammers keep trying to sell to naive OOS investors.PM us if you'd like to know more about how we've assisted hundreds of investors make logical investment choices in Detroit and avoid portfolio crushing mistakes:)

I was thinking to keep it minimal.

One thing to keep in mind, NYS is a very tenant friendly state.

He's tired of keeping up with his rentals and selling them off to his kids. 

About / Members – Neighborhood Building Owner's Alliance (nboachicago.com)Another great spot to check out would be the Straight Up Chicago Investor's Podcast website which keeps an up-to-date list of meetups as well.