You could create a new lease, after screening new person, with additional rents.

Hello All, Our Chicago Property Management Operation is looking to find an additional licensed real estate or leasing agent to help us show our rental listings. 

With that additional rent income, my overall out of pocket living expenses are less that what I was paying for just apartment rent.

Additionally, once you do this your cash-on-cash will again change to 12.18% so.......

Equity - As I'm sure your aware based upon the fact you are a GC you will have instant equity and in fact both deals above I will be putting no additional money into the deals because I purchased the land from a bank for the duplex's and the 4 families another builder is purchasing all the SFR lots allowing me to pay down my debt.Summary - as a fellow homebuilder a huge fan of building new .

Additionally, the amount you put down may or may not require an escrow account.

However, I am looking to get my feet wet in real estate as an additional source of income.I'd like to connect with local investors, contractors, and real estate professionals to serve as potential partners.

I would guess it would be safe to budget an additional 1000 per person.   

In addition, most of that housing stock has been build as affordable housing in mostly 2 and 1 bedroom configurations.

Depending on market you can refi up to 80% after 2 years of additional seasoning.