Would also love to hear if any tips from people who have done something similar in any area.

We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon! 

Thanks for the partner recommendation. 

Recommend opening the account in the personal name, keep it simple.

I currently have a STR, for which I would like to create a direct booking site. 

Welcome to the site @Jeremy Bouchard!

These companies often look for housing on Airbnb and Furnished Finder so definitely list on those sites as well.Once you get your first inquiry, nurture that relationship and think about how you can provide them value and be a problem solver for them. 

Hi all,Does anybody have any recommendations for architects who are self-certified and specialize in Chicago residential properties including 2 flats (what we have)?

They disappear from auction sites because so many of them are not free of liens and not ready to sell or close.

We do exactly what @Bonnie Low is recommending and it works for us.