Find the data at the following link:  Median Price Multifamily Aurora Elgin

Working with a reliable and resourceful agent will not only save you time, but will hopefully ensure a smooth transaction as opposed to the headaches of doing your first deal on your own.

There are a couple avenues you can take to ensure owner occupancy.

I see this in the data and also in my business: we work with a lot of relocation clients and the reasons (for moving to Milwaukee) are usually cost of living, followed by smoke (from the fires), water (droughts in the SW) or floods.

There are several HML I know that can move very quickly and allows borrowers to only put down 10% to 20% and will finance 100% of the rehab costs on 12 to 24 month loans.I would highly recommend shopping around various HML in this situation to ensure you're getting the best rates and leverage. 

Be sure that whatever structure you decide is best for you that you also understand how your business will operate to ensure that the structure or corporate veil is preserved.

With no experience in STRs yet, I’d say give yourself the best chance to win by ensuring you have enough capital to buy and invest in a property that guests will want to pay you more than everyone else for because of those decisions you made on timing and acquisition.my two cents!

I haven't take the time to look at the real data on what's going on with the rental market in Chicago but our system has blown up with inquiries.  

If you've spent all of your money and have no way to keep marketing to whatever list you've used and can't buy more data, you are all done for now.

Depends on the property management company and ownership.Larger property managers will have a "standardized" CoA (we do that for 1000+ units across 5 properties we own and operate), HOWEVER, the person entering the data (typically the onsite PM) still needs to make sure they use the correct accounts for entry....and then the Regional Managers should check the PM's work regularly.