(Age of property?

Helpful regardless of the ages of the occupants.You may want to have a candid conversation with the parents about your interest in child safety and ask them about their thoughts.

There are plenty of people at retirement age who do not have $500,000 liquid (or illiquid) on their personal balance sheet.But that 28 number has a downside ... you have a long way to go in your life and lots of things can happen in your personal life and in your real estate business that will alter your business and goals.First, to earn $10,000 per month ($120,000 per year) on $500 K is a 24% return ..... possible BUT you probably can't count on that much return EVERY year in any investment (OK ... somebody will dispute that assertion).I suggest that your (soft) goal for the next several years would be to double your capital to $1 million by doing what has worked for you.  

You are making a good decision at young age.

Also, is there anything I can do and invest in since I am such a young age.

Here's an article about a woman who "rented back" an apartment at age 90 and wound up outliving the buyer.

This was because those two heirs were the only people to help the parents as they got up in age. 

While they are not all in Chicago, in this day and age you do not need them to be.

Besides, title companies don't want title search orders, they want closings.Great advice Tom.. my Daddys attorney in circa about 1969 before I was old enough to get a RE license but was around real estate all the time ( my dad drug me to his meetings with him and many were with his attorney)  he said son you want to make it and get ahead of the pack you Learn the court house.. now in this context this means going in and going through the old books and recorded plats etc. in todays age it simply means understanding all the on line tools and what it all means.. this is where the money is made. 

Our buildings are both about the same age, style and condition.