If it is determined that your intent was to use as a rental, you have committed loan fraud. 

The identical  bedrooms are barely 100 sq feet, maybe even a few less than that. 

The Cook County Human Rights Ordinance: This ordinance prohibits people in Cook County (including employers, landlords, property managers, real estate agents, store and restaurant owners, bankers, lenders and Cook County government officials and employees) from unlawfully discriminating against or harassing other people on the basis of that person's race, color, sex, age, religion, disability, national origin, ancestry, sexual orientation, marital status, parental status, military discharge status, source of income (including use of a housing choice voucher), housing status, or gender identity.

Depending on how your taxes are set up, a CPA could recommend forming an LLC or an S-Corp (from a legal standpoint, they offer identical protection, but could offer differing benefits from a tax standpoint).   

Usually cold applications coming from Zillow have the credit/background check (they can use those anywhere for 30 days), while I only send an invite to apply thru TenantCloud or Cozy (which apparently is difficult to complete, as I have two of four applicants right now stuck on verifying their identity in order to send the credit checks) to those I've pre-screened.

Me and grandfather just built an identical house out of town (32x48) w connected insulated garage for 62k including septic and well which was about 12k on its own.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris fraud and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

As it turns out it was a "friends" credit card and so they filed a fraud claim and the money was then pulled from our accounts.  

I’ve heard about self managing owners creating alias cards or introducing themselves as the “property manager” using a pseudo name for identity protection.

Read the legal documents to find out rights.60% occupancy, in today's hot market, is either an extremely poor location or is extreme negligence/fraud.