That being said, as a broker I recommend ALL of my clients have a Lawyer review their PSA's and Leases because at the end of the day I am not a Lawyer and me telling you "yes, that is the norm" or "This is the action I recommend you take" is very different from a Lawyer saying "Yes, we can fight and win if need be."

I'm looking for a modest cash-flow positive turnkey investment.

But I want to take action and try to get some deals in Illinois as well.

Have remodeled two of my own homes.I’m now in a position to find a property.

More often than not, the rental market is not cash flow positive here, unless you're looking at 2-4 plexes, and even then maybe not. 

I am only 1 month in but I’m taking action and sending my weekly 300 letters to my solid list of 700 absentee owners in my target zip.

You may need a quiet title action as well but it may not be necessary if the bank already released their liens on the property. 

In general, your returns will be directly correlated to how many Queen beds you have in the unit, how good the pictures are, and how many positive reviews are there.I handed mine over to a management company and I’m expecting to probably my market rent + ~10%.

The first team members under contract on his first investment property is Scott (you can read about his success here: https://www.biggerpockets.com/forums/21/topics/479285-purposeful-action-leads-to-massive-results-agent-success-story) He is under contract to purchase a duplex, which will allow him to live for free.

However, if there any problems with any future work based on these plans that require legal action and if a court rules against the engineer, the above term would remove any liability of his to pay my legal costs.