The Homeowners Insurance will include Builder's Risk.

Here's the City link for you to reference. https://www.chicago.gov/city/en/depts/doh/provdrs/homeowners...1) ADU regulations specifically exclude Short-Term Rentals so don't do it if the intention is to short-term rental. 2) The ceiling height oh 6'10" is almost guaranteed to trigger digging a basement if you want to formalize as an ADU unit, especially if that height is further reduced by pipes or HVAC. 3)Ingress/egress is an issue for renting, as is that any bedroom also will need two (ie operable window/doorway).

Homeowners, your tenants ARE RESPONSIBLE IF THEY VIOLATE SANITATION RULES, phone 311 to report them.Dont let nwo mafffia dictate otherwise.

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Companies need a sizeable population for their tenant pools.The price of homeowners insurance is an excellent barometer of disaster risk.Low operating costs.

During the escrow/title process, you are finalizing loan documents, reviewing title documents (HOA disclosures if applicable, title reports, etc), obtaining homeowner's insurance, and preparing to wire your funds to title. 

I was 3 months into the rehab when I found out that I needed a whole other category of insurance (builders risk) instead of the homeowners insurance I got on the purchase and that for all intents and purposes, I wasn't covered if something happened.Its a little thing amongst the many things that occurred on that first flip, but I always look back and say "who knew" and know that I know now.

I'm pointing out that insurance contracts for non-owner occupied properties are typically less generous than for homeowners policies. 

Have you noticed more homeowners in Elkhart opting for the FSBO route?

I also assume you have homeowners insurance rather than landlord policy which is invalid if you’re not living there.