This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Once they sign off and tell you they look good then you will have like an over night envelope to put them in and mail to title.Once Lender looks over signed docs (the digital ones), they provide final green light to title to fund the loan.And I'm out of breath... 

@Chris WilsonThanksFor the shoutout - since selfPromotion not allowed on BP happy to chat offline to people if they reach out and feel free to ask people about us and our history / reputation on BP (we have nothing to hide)

Does the city allow STR for your ADU?

Or the always popular, “My tenant moved out and stole my washer, dryer, water heater and light fixtures!!!” 

They cost 1.1-3M to build ground up (depending on the part of the country) and could be repositioned to another use like O'Reilly, Light manufacturing, maybe storage (depending on zoning), etc. 

I started by patching about a dozen (not small) holes in the wall, re-doing all the drywall in the bathroom, installing new shower plumbing, putting in recessed lighting, installing seamless LVP throughout, texturing/priming/painting all walls, installing new 5 inch pine baseboard all around, and installing custom bathroom vanity/pantry cabinets, and hanging new custom shaker doors in the kitchen.

This allows me to pay off the private loan (~$550K principal + $49,500 interest).

Hello, can any Chicago lawyers or property managers shed more light on the new flood disclosure requirements on the RLTO?

The lender should be able to go off the interest only payments for their DSCR calculation, and what this allows for is a higher DSCR, and as a result, higher/more allowed LTV.