I've already hired a full-service management team who will provide turn-key management. 

In some instances you can still obtain a rental license, in other instances you need to submit a new use permit application, obtain a refusal and then seek the variance.

I would suggest finding Vacasa and Evolve managed properties in your market with bad reviews.

Currently, my husband and I manage four Airbnb listings.

Talk to local investors (someone unbiased, not an agent or wholesaler) and experienced property management companies who will let you know rental rates for different areas, tenant base, etc.  

At the same time, educate yourself on how to manage the property well (most investors miss this critical step).

Hi everyone,I am looking for some advice on how to form and operate a property management company in Illinois as a realtor. 

I will be closing on an investment property this month and I wanted to know if it would be best to self-manage or to higher a property management company.. 

To manage risks, keep some cash saved, spread out your investments, and keep up with market moves.Good luck!

Well, if you rolled it over to a Roth IRA where you manage it it might be better.But, if rates rise a little more, just pull from your retirement funds to cover.