Looking for words of caution/wisdom and things to watch out for. 

Get your real estate lawyer to do the eviction and watch him as he goes through the process.

Start watching YouTube videos, read The Millionaire Real Estate Agent by Gary Keller, go to real estate meetups and ask real estate agents questions, etc.

It feels very late cycle to me & many others watching the prices being paid today with little downside protection from recession or worse!

Yes you will also need your certificate of formation, operating agreement, franchise tax info(if applicable in IL)-basically just bring the company book with you.

No more verbal verifications, no more lies. f they have a prior eviction(s), or their income is too low to support pay the rent, then sorry, their application will be declined.

I joined Bigger Pockets yesterday after watching a ton of their videos on YouTube.

Maybe you should join the local business council there to glean more insight.I have friends that watch as people open up their first shop and then they come in 6 months later for a Subway and buy for 50% of build out cost for a discount.

I watched him come in after I started and finish before us.  

It's my hometown so I am biased, however, I have watched the population, job market and city as a whole grow so much over the past 5-7 years.