They gave us a pre approval on a cash out refi.

.❌ 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.

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

One more thing I should address:  Installing cameras inside of a residence with other tenants can be a HUGE legal violation.  

@Scott Isbister Do you know if Calgary has finalized the ability to legalize secondary suites in attached dwellings.

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.

Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.

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.  

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