Just drove by my rental, the 3rd floor window is broken OUT?!? She didn’t call, I’m not sure how long it’s been broken, it’s supposed to rain non stop for the next 3 days. - What is the RIGHT thing to do and say in th...

If someone can't do some fairly simple due diligence tasks, they shouldn't be investing in syndications at any point of a cycle. 

Each building is unique with different mechanical characteristics, if you're doing a full rehab it may be easier to start with $300/unit. 

The place is unique because it allows nightly/short-term rentals, which most condos here do not allow.

If you want experience as a property manager but if you are trying to generate more time and money being your own property manager isn't the task to tackle.

Controlling properties that are not legally yours does have some unique advantages. 

I almost feel that appraisals for 2-4 units are something that always will be trouble cause its so unique.

., what a unique opportunity!  

How much different do you think the administrative tasks are with a series LLC vs several distinct LLCs for Illinois properties?

There are ways around that when it happens - basically compare some apartments that you are familiar with, against the county data, and find criteria that is unique to those properties that you can use to find all of them.