I chose to build my PM business from ground.To create a working system and to organize processes is difficult in the beginning, but to my experience it is possible to create a working model based on personal knowledges and then to provide a high level of service to the clients.

But the example you gave, I would estimate $3M as a good starting point for the project.Your post liquidity also will be looked at as well.I would recommend partnering with people that compliments areas you may not be strong at for your project.

I am an IT professional wanting to start investing in real estate.I am based in Chicagoland.

It is the most sure fire way to create a stable base as you expand your journey. 

Kris@Kristen DolotinaHi Kris,Most cloud based rental management programs will automate many of your tasks.  

We are currently offering 12-16% interest to our private money investors which we feel is a strong offer in this market.

There is high demand for rental properties so as a result rent growth is strong.

We already had a strong financial foundation with a clear focus in real-estate investing.

., a DSCR (Debt Service Coverage Ratio) loan could be a great option as they are not based on your income. 

That's a private agreement between you and your LLC and that loan is not recorded in any banking data base that it would be put on any credit report.You are fine just depositing the money and then moving forward.