Industrial space in excellent location.  

You are correct the cash on cash is excellent.

So, it will be good if I need to hire Property Management for both properties together.Why am I investing in Chicago if I will be moving to Texas: is that I couldn’t find any multi-unit (3+) property less than $500k in other large metro cities in east coast, west coast & south (in good & decent neighborhoods).Now, my question: Is this wise investment based on the numbers above, selection of area (NW Chicago) and my situation of moving to other state?

If you can find a good one with along term commercial tenant they can be excellent buys.

@Dave Foster is an excellent resource as being a QI for 1031 exchangers as he knows the world really well.

I have worked with excell quite a bit.

Homes by Huffman - Excellent Management company

Excellent investment

- Run Background checks and Credit check ---> Appreciate recommendation on which tool or site to use for this- Select a tenant that best meets the criterion - Income is 3X rent - Credit score is 620 + - Is able to provide references from previous landlords and has no negative history ----> Anything else I should include in this criteria.

A lot of high level brokers do indeed look down on the little guy that doesn’t have a firm but it is crap and we all know it.I would find an excellent RE agent who does commercial in your area and connect with them.