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.

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

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

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

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.

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.

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.

The opportunity to collaborate with Debra Cottom on a deal requiring no renovations made it a perfect fit for a swift and profitable transaction.