Overall, it was a great experience, but I can see why it's important to budget for hiring contractors.

Overall, it was a great experience, but I can see why it's important to budget for hiring contractors.

This is literally one of the reasons youve hired your agent presumably, so they can connect you with other real estate professionals who can give you good service and at cheaper prices often.  

Why do investors cringe at the thought of hiring a professional PM?

We hired an attorney to assist us and we´d recommend you do so as well.

If you have no experience with evictions, I recommend you hire an attorney and get it done correctly.

While you may not want to hire a property manager to manage the property, many PM's offer "catch and release" to help you find a solid tenant, get it leased up and pass it over to you.Usually for their services they may charge 10% of first months rent and maybe some other small fees but they will take on the professional pictures, listing on various platforms, showing to agents/potential tenants, running background and credit checks, and legally drafting all lease paperwork.I have personally done this before and it is definitely worth the money, freeing up my time to work on growing my business.

I've heard different answers when it comes to adding this 4th unit and the main 2 are below:1)  I should hire an attorney and need to re-zone the property to add the 4th unit.2)  I can do this on my own and we do not need to change the current RS-3 zoning (if it was RS-1 or RS-2 that would not be possible) and I should reach out to the alderman to find details to have property changed from a 3-unit to a 4-unit. 

If this is a screaming good deal, you can afford to hire someone else with due diligence reports.

Then I would hire a consultant, an industry expert, to advise you and help you do do diligence.