My goal is to help people (1) protect and hedge themselves to provide security in case the worst does happen, and (2) through that level of protection prevent the suits from even happening.

Jack your rents up now so you can have a cushion when it is imposed.What I find most disheartening is the fact that rent control will prevent people trying to move into Chicago from finding desireable apartments.

Sounds very high to me.I think the board is trying to be obstructive to prevent me from renting the unit out.  

Now that the carpets have been replaced, was anything done to the sprinklers to prevent it from happening again? 

Refinancing and paying off that FHA loan as well as pulling all my cash back out from the rehab and hopefully more, does this work this way or is there some rules or regulations on this specific kind of thing that would prevent me from doing this?

In other states, you can continue even after accepting part of the money owed.Once a tenant deposited directly to our account after we had password protected depositing to prevent it. 

This prevents me from wasting my time on projects that have numbers that barely work if everything goes perfectly.It's all about the numbers.

This prevented that particular market from moving for the last few years. 

The ever present question of "is the market good right now" may always haunt you, and prevent you from entering the market ever at all.

He gave me advise on preventative maintenance, a couple of tips he had learned along the way, and gave me his cell phone number and said to give him a call if I ever had a question or needed advise on a rental matter.