One key detail I neglected to mention is that my wife and I are also hoping to stay as close as possible to the University of Utah since we are both students there and our work is there as well.

I’d like to rent them out on Airbnb throughout the year and also have as a place for my husband and I to stay when we visit.

Do not look for the 'get rich quick formular',but look for get rich and stay rich.People of the right mindset are hard to find.

As someone who does flips for a living I don't know that I would have much of a business in Chicago if I stayed away from older properties. 

Hi Tim,I would just recommend that your realtor stays in consistent communication with the seller’s attorney for progress/status.

Some brokerages have retainers for an attorney on call.Brokers talk in the business and some agents causing big waves and headaches they give a heads up through back door channels to stay away from them and not add to their firm.No legal advice given.  

Have a great week and stay motivated.

In fact, I advise the owner to stay away so they don't get involved and cause problems.

This method won't last too long as once a tenant wants to move out, they will not be able to move in until the 1st.....they will stay from the 15th to the last day and nothing you can do about it

I stay pretty busy without having to travel too far from home.