(This is about taxes)You need a Zoning Permit for Visitor Accommodation:To rent your home for stays of 30 days or fewer.If the property is not your primary residence.Housing requirementsSmoke alarms must be installed:In each bedroom.In the hallway in the immediate vicinity of the bedrooms.On each floor of the home, including basements.Carbon monoxide alarms must be installed:Within 15 ft. of the entrance to every bedroom or within 15 ft. of a bed in sleeping areas if there isn’t an enclosed bedroom.Centrally on a wall or the ceiling, but not directly in front of a door to a bathroom or within 5 ft. of a cooking appliance.Under the installation requirements for smoke alarms if they are combination smoke and carbon monoxide alarms.You can’t post signs for lodging on your home.The home can’t be occupied by more than three people (including the owner and renters) who aren’t related by blood, marriage, life partnership, adoption, or foster-child status.You cannot change your house so that it no longer resembles a private residence.Information you must provide your rentersRenters are only allowed to have guests between the hours of 8 a.m. and midnight.You must tell renters the trash and recycling collection days and any trash disposal rules and regulations.

Purchase price: $200,000 Cash invested: $10,000 Barn turned boarding facility What made you interested in investing in this type of deal?

This opportunity was a gentleman looking to retire and sell off his self storage facilities as a package deal.

This opportunity was a gentleman looking to retire and sell off his self storage facilities as a package deal.

The city gave a approval for one facility on the block, and I'm the only space for rent on the MLS.

SBA 10% down, conventional 25%.Will go higher than the 12 years, if the market is underserved and we can raise rents, or if there is land to expand.Most people use CAP rates, I'll let them chime in, with their financial targets.Involvement- you will need boots on the ground to service the facility. 

Even a lot of tenants don't seem to be aware that in Cook County housing providers cannot turn down an applicant due to them being on section 8.

Marbella Tower apartment building offers to the residents impact windows, covered parking space, a fitness center, heated pool, laundry facilities, intercom at the lobby entrance, and community clubhouse.

I’m a power engineer who’s designed, and trouble shooted systems large enough for oilfield facilities.

I have interests in flips & cash flow quads on the residential side, but more interest in the commercial side, ie storage facilities, laundromats, car washes and apartment complexes.From my studies, it seems pertinent to get an LLC running and to establish business credit.