These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.

If local sales support the new value then you should not have to deal with the seasoning requirement.

If it passes and they have a grip on the process, now you have two properties where you can add an ADU to each.I don't know Chicago but would it require a hearing?

This is required for most landlords in the city, as part of the rental property registration program.

Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

You'll have to meet higher ratio and FICO requirements. 

Yes, I require renters insurance.

Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.

While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.