Airbnb investment only property

[Natalia Wang]

Hi everyone!

I'm interested in buying an Airbnb investment property looking for some advice on how to navigate through the new Airbnb laws in Chicago.

If I were to buy an investment only 2 flat it seems like I we'll have to do some additional petitioning before I get registered. If I did occupy this two flat I could rent out one unit. However since I will not be living there it sounds like I'll have to get some additional approvals from my neighbors and aldermen before Chicago will provide me with a registration number.

Does anyone have any advice on how to navigate through these laws? Maybe I'm not reading the laws properly?