Loss of Use / Loss of Rents: Normally, there is a 20% included limit.

Check with your QI about both scenarios.I did have a client do a 1031, rent it out for two years and then moved in at the advisement of their CPA.  

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

And do they care if I do rent by the room strategies?

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

That way you are not competing with 30 other owners for rent.

If you are renting then it can be semantics; a lot of older homes had no closets at all, only free standing wardrobes.

The current average rent on the new buy is $925.

If so, you will need to apply for a change of number of bedrooms on the standard CHA rent increase form.

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.