First time buyer

[Julie George]

Hello all,

I am looking to purchase my first home in Chicago to manage as non-owner occupied rental property. I am planning to use a conventional financing method. I understand that financing requirements for rental property is more conservative. Can someone point me to a good recent source or article that provides the financing guidelines for rental property in Chicago? i.e such as down payment requirements, whether gift money is allowed, hedge reserve funds... 

Thank you!