You can also find a bunch of threads on the subject on BiggerPockets.https://gustancho.com/buying-home-with-illegal-apartmenthttps://www.realtor.com/advice/rent/illegal-rentals/#:~:text=You're%20renting%20an%20in%2Dlaw%20suite&text=But%20if%20you're%20considering,the%20PK%20Boston%20law%20firm. https://www.sapling.com/6719436/legal-requirements-basement-apartments-chicagoFrom the City of Chicago website: https://www.chicago.gov/city/en/depts/bldgs/supp_info/illegal-conversions0.html

There is a new build across the street.Forced Appreciation: I added a full en-suite bathroom during the renovationForced appreciation: upgraded the finishes throughout the houseSupporting information:Purchase price: $115,000, 25% down, 7.25% conventional loanBank Appraisal: $135,000 (before bathroom addition, renovation)Renovation: $30,000 (currently have $10k of that on a 0% credit card)Rent: ~$1,400 (originally estimated $1,700)I transferred the property into an LLCI am not interested in selling the property as I think the neighborhood will continue to appreciate.

They have a very active list-serve which you should join.https://www.meetup.com/Jacksonville-Real-Estate-En...If this doesn't keep you busy, you can reach out and I'll give you even more suggestions.Hope this helps,Glen

I had at least 5 or 6 people do that and I just dont think it is right for them to spend their money unless I seriously thought they were good.Roy, in case you didn’t know, you can enable or disable the “Apply now” button on your Zillow ads: https://zillow.zendesk.com/hc/en-us/articles/360000973008-What-does-it-mean-to-enable-or-accept-applications-for-my-properties-If you disable it, people won’t be able to submit those unsolicited applications to you anymore.

@Jesus Ojeda hola Jesús, estoy interesado en invertir en El Paso, Tx.

https://www.chicago.gov/city/en/depts/bldgs/supp_info/illegal-conversions0.htmlhttps://gustancho.com/buying-home-with-illegal-apartment

Ground floor masters with an en-suite are a big positive.

I have also been "creative" by converting garage space to legal living sq ftage (master bdrm with en suite bathroom, WIC and mud room/laundry room), legalizing an illegal inlaw unit in SF (no small feat), and even setting precedence in San Mateo Co by getting a "tiny house" legalized as an ADU.

@David Torres  redemption rights are tricky as you allude to.. in our state where Sheriffs sales en masse like what happened a few years ago we had no case law on most of it. as Sheriffs sales for owner occ homes was rare as hen teeth.. the law was always there but sheriffs sales were usually for intestate situations for commercial deals.One issue with redeeming.. at least in our state.. is what happens with junior liens.. in our state if you do redeem the juniors pop back up and attach again.. so its a pretty complicated process. 

Sin duda han montado un sistema para estafar a sus clientes, y no tengo idea de cómo están actuando en este momento.