Feel free to use this template:RE: RenewalDear Tenant:With the increased cost of taxes, insurance, maintenance, and other incidentals we are required to increase your monthly rent.

I may have to get a variance for the existing dwelling unit's parking requirement, but I believe I meet all the SB-9 requirements.

Reg D 506 c requires that the sponsor verify accreditation status.  

If you have a mortgage the lender will require you to have insurance that protects the asset that secures the loan3.

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

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

At present, the filing requirement is back on.

I appreciated that they volunteered that I would not be required to go to them for repairs, but that they were there if I wanted.They are delivering it on Monday, December 11th, so I will report back with the verdict once it's up and running.

Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k). 

Keep in mind that you will probably be required to sign a personal guarantee of the loans.