We’ve found that allowing pets and providing an in-unit washer and dryer are key amenities that help attract guests.

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To avoid problems, it’s best to add these locks after the appraisal on a turnkey purchase or after the refinance is complete.Also, most DSCR lenders will assess the property’s market rent as a single unit rather than the combined rents of individual rooms.

I am house hacking my unit and is there any difference in those processes as opposed to a regular rental property?

The way I look at this situation is this:Let's say the rent you can get at that unit is $1000 as is.

You hired cleaners to clean the unit between tenants?

I had to do an elaborate french drain system with multiple pumps as the lower level units would get water with hard rains. 

Chicago has always been such a solid market for small multi units.

Live  n one unit and rent out the rest. 

I believe $1200 spread over 12 months for painting 2 rooms is a little high (i just paid $4k for painter to texture walls and paint (prime and paint) walls and ceilings in 1350’ unit), but not as outrageously high as some posts imply.