Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

The nuances in state regulations require an expert who understands how to expedite the process within the legal framework.

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.

First you have to face the local municipalities & will be extremely difficult to get the zoning approved. 

.❌ Legal Risks – Chicago has strict landlord-tenant laws.

Investors need to factor in zoning regulations and parking requirements, which are essential for smooth permit approval.

Find a sponsor, reach out, tell them you're Canadian, they approve, review and sign LP docs, wire funds.

@Patrick Braswell Got it. just didn't want you to spend all the time working with your family members if the bank won't approve a HEL.

It will have to go thru township's approval, but I need to figure it.

I think hard money lender to take this risk cannot legally charge appropriately which means the law is working against you (the law meant to protect owner occupied owners from unfair loans).I agree with @Jay Hinrichs that your best option likely is to sell on the mls.