Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

They must get this request all the time.

Thanks ahead of time! 

But do you think that 4-5 years is not a window enough of time for them to recover? 

Hello all, Longtime reader, first-time poster.We have a classic Chicago 2-flat in Bucktown.

Depending on state law the buyer will have a certain amount of time to remedy this violation of covenants. 

For a first time investor, I definitely recommend house hacking for most people as homeowner loans are by far the best in terms of rate and LTV. 

It's exciting and can be overwhelming at the same time! 

I sent you a message, I've seen this before plenty of times and am able to help you with exploring your options.

The truth is, a good host will spend time managing each rental.