Just like you have been trying to get into arguments about there being no GC whatsoever that can be hired to work on a limited scope of supervising a project and/or construction personnel when this is a practice that has literally been going on every day and has been in effect probably before you were born (well, maybe not you!). 

IL makes it practically impossible to wholesale. 

What is the standard practice in terms of amount and terms?

This has become a best practice for all of our homes now regardless of their location.

Ideally, I'd like to buy a more practical car for managing my rental (something with more storag space) later this year. 

Happy to chat about house hacking options in the Austin area along with some best practices.

2@Mary Chen, @Seo Hui Han I think your issues are going to be more with the lending than any 1031 restrictions. 

@Derek MorrisonI would speak to your real estate attorney before making a decision on your leasing practices.

Although it is often portrayed as making the house "feel" bigger, I would argue it makes it "practically" smaller.

In the past, up until the 80s their was not a large need for a legal practice like AP, but that was because the legal system was different then.