The spring market is shaping up to be one of the busiest in recent years.

Taking the extra step with ID verification, rental history, and verified income can help you find a solid tenant and avoid major headaches down the road.

The way we have it set up is:1.

Do your research on the best in your area.

Quote from @AJ Exner: It depends on the lender, so giving them a heads up is good.Most of the programs that I am aware of will allow you do utilize only 50% of whatever the 'gift' is.

We're seeing the same thing!

If you use an attorney to write up the contract I assume they would know?

Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?)

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Might be a little bit down the road for me, but that is for sure dream that will come true...One Chicago's best features is the lake, which I'd like more access to.