Those are Median rents, 50% of rents are higher, 50% are lower. 

Your position is that setting up a multi-member LLC is more expensive than a trust...lol

I have been diligently reading, studying, and beginning to practice analyzing cash flows of properties within Chicago and some Chi suburban areas.While I try to use whatever tools I have at my disposal and also be conservative with my numbers while analyzing properties (vacancy percentage, expenses, etc) I believe that in some areas of my analyses, I may not be getting the most accurate information.For everyone out there, where do you get your rental estimates by location?

Disclaimer - I am not an CPA or attorney but I became financially free doing this for myself after 10 years working as a w2 engineer :( and I am sick and tired of seeing highly educated and hard working professionals getting stuck in the rat race because we deserve financial freedom and the option to do more with it.If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.

Consider factors such as site preparation, ongoing maintenance, marketing expenses, and potential income from bookings.

It's also likely to be more expensive than what you have now but that's all relative.

We also see that the SECT 8 typically pay higher than our market rents in many cases in the lower income areas of town. 

hard money is expensive - you'll probably pay 3-4 points for that loan. 

I have heard about a QT but I heard it could get expensive so I’ll look into that since it might be my only option thank you for your response 

Based on comps and speaking with realtors we figure I can sell my home and after paying off my mortgage and selling expenses I could net approx 750-900k, depending upon the sale price of course.