Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

Some of your requests may fall outside this manager’s standard practices, and customizing services for each client isn’t practical for most PMs.

The more rational you are, the better the outcome.Practice and LearnLike any skill, negotiation improves with practice.

Curious if this is normal practice or in other management agreements people have signed? 

There is a storage deal that is actively being raised for over there that you can practice analysis on.

Using the cash flow to help with your kids' college expenses is a practical approach.

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

In the meantime, I would like to gain experience through employment with an existing real estate or property management company.Is there anyone out there that can provide me with some good advice/guidance as to the best and most practical route to achieve that goal?

They can fine you for practically anything and they want all the STRs to be banned from the city.

In practice rents will be slightly lower and sometimes slightly lower.