I’m looking to buy a 2-3 flat in Chicago and was wondering if anyone has had any experience buying a multi unit, living in one bedroom and renting out the other bedrooms in the units individually and not as a whole. 

Not sure if they are platting the lots for individual resale.

One resource Texans have is the Texas A&M University Real Estate Center which provides a lot of good data for most MSAs and individual cities.

This is the combined net worth of the partners, not each individual.

I also suggest joining your local REIA group and trying to surround yourself with like-minded individuals.

Include photos to demonstrate such how stupid it is for them to claim they did preventive maintenance.On a personal note, each of the words individually - sewer, standing water, HOA - are cringe-worthy. 

I'm partial to annuity-based calculations that factor in the investment horizon and individual risk preferences of the retiree, like this one.

Just smile and tell them if they hear of anyone whose got an extra, old, tired, or junky house they want gone yesterday to give you a call or pass on their info to you.

Rather than focusing on ADRs or occupancy rates individually, RevPAR is a factor of those two values.

Whoever you go with, you should find better terms than individual SFHs because of economies of scale.