Or else reduce enough on price to deal with an eviction from an illegal unit.I don't know Chicago laws, but in NYC if you have an illegal unit, the tenant occupying it seems to have more rights than the owner does and doesn't have to pay rent... 

@Sanjay Bhagat BiggerPockets doesn't do this, but it's sister website, www.passivepockets.com does. 

So, you should buy in a way that doesn't depend on appreciation.

However, most people wait at least 6-12 months just in case the IRS doesn't question it.

It doesn’t have to be occupied by tenants, just a signed lease + deposit.

I highlighted two common exceptions in my earlier post, but doesn't sound like either scenario applies to your case. 

It doesn't make financial sense to try to rent out a 1BR MH, especially when they have to pay lot rent on top of that.

Not reporting payments doesn't hurt you unless you have other credit history issues you are trying to overcome. 4.

Because it equals the total value of the units @ $268,750/unit so something doesn't make sense. 

Currently, I'm only qualifying off $80K of income so it doesn't help me qualify for a lot.It looks like Snow Removal is about $700-$1000 for a full season?