I'm correcting the misinformation you are posting and trying to get further clarification on what you are posting.

Mike Lambert above is correct about house values in Japan.

There is enough demand on the north side you should never have a tenant issue if you do the correct due diligence.Secondly, lots of fake applicants lately.

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

When the house eventually sold, I contacted the buyers agent and explained it to him so he could be the hero with his clients and show them how they could save a bundle on their property taxes by appealing and getting that corrected!

I don't invest right in the city but I do invest south of there so if you end up looking at places there feel free to reach out if I can offer any insight.Jeremy is very correct - zip codes won't give you a good idea of price. 

Do not trust what a realtor tells you to be correct. 

Sadly Martin is correct.

You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.

I assume zero as he would have to reinvest all cash received to avoid all taxes, correct?