And my Vet he is a big surfer so his unit is down south in a condo complex..

Anyhow, my question is that I'm am curious what a fair reduction in rent would be for lack of kitchen the home is on a one acre lot so is better than an apartment complex but the lack of kitchen is a huge discomfort and almost outweighs the property set up especially due to the lack of privacy and the entrance and noise right outside my bedroom door.

Expecting to get accurate answers to complex legal questions on a public forum so you can safe the $275 consulting fee of experienced legal counsel 10.

In my opinion, it's THE best rental to hold in a landlord/investor perspective, AND it is the most complex and detailed to start into. 

But 2-4 units is Chicago is extremely complex with 100+ year old buildings, Chicago zoning, department of buildings with violations and inspections, plus the RLTO. 

Additionally, cash purchases can often be quicker and simpler, avoiding the complexities and timelines associated with HML.However, using HML can preserve your cash reserves for other opportunities and emergencies.

I am sure there is something I am missing here. lol    The reason people don't like to do this is that it adds a layer of complexity and expense, but it does offer many rewards.

Of particular interest are: Multi-Family Complexes, Medical & Industrial Parks, Warehouse & Storage Facilities, RV & Mobile Home Parks, Sale and Triple NNN lease backs, Agricultural and Timber investments. 

Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.

Apts complexes consisting of 100s or units can afford on site property manager, assistant managers, maintenance staff, volume discounts, etc.