The design aspect is fun too—you can get really creative with how you furnish spaces depending on your tenants' preferences.That said, it’s definitely more on the lighthearted and quirky side, so don’t expect hardcore realism.

Otherwise, you can never attain financial freedom because rents will not outpace inflation.How long your rental income lasts depends on job growth in the investment city.Non-government jobs are inherently temporary.

You might have additional items depending on your market.1. 

If they are changing jobs, they need the new job first and you need to paychecks or offer letter with salary or maybe even the first two paychecks at the new job, depending on their level and income.Ask them about deposit and rent. 

Depending where your rental is in Chicago, you should also be flexible with your requirements.

These type of businesses are tough to price as the market varies greatly depending on many factors. 

And good to know you have dependable contractor and realtor, that is a silver lining

Depending on your goals, budget somewhere around $3k-$5k per room.

To keep it short and sweet, depending on your deal you should have plenty of options. 

It depends!