QJVs were born in 2007, after Rev Proc 2002-69, and that procedure is not relevant to QJVs.

Here's the City link for you to reference. https://www.chicago.gov/city/en/depts/doh/provdrs/homeowners...1) ADU regulations specifically exclude Short-Term Rentals so don't do it if the intention is to short-term rental. 2) The ceiling height oh 6'10" is almost guaranteed to trigger digging a basement if you want to formalize as an ADU unit, especially if that height is further reduced by pipes or HVAC. 3)Ingress/egress is an issue for renting, as is that any bedroom also will need two (ie operable window/doorway).

Once you hit a certain number of loans (check with your state dept of banking and finance or dept of business regulation), they might require you to have a license.

Now, you can get some wholesalers but they usually don't know if the property will fit the requirements and regulations but you can learn that from the Realtor. 

We had our Podio custom-built to meet our specific requirements, systems, and procedures.

I'm not familiar with Canadian regulations but you should look into how you can get access to money if you don't have any.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

The first thing here would be the regulations and laws governing acquiring properties, managing properties and selling properties.

You also need to consider any STR regulations.

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.