Chicago's Residential Landlord and Tenant Ordinance (RLTO) and building codes require that all rental units meet zoning, health, and safety standards.

And in many cases this may be warranted as health and safety issues may be present.  

     - Pro Tip: Check with your insurance company about policy changes for rentals.4.

When it comes to your home, the right insurance policy can make all the difference.

If you are really worried about liability, get a bunch of insurance policies like an extra umbrella or beefed-up property insurance. 

Quote from @Renee Ward: In a quote for an umbrella policy, when I see it in writing it is labeled a personal umbrella policy with our primary home cars etc. 

Real estate is VERY slow to react and will take a minimum of a year before we see how the Presidents economic policies affect us.

If you’re scaling or exposed doing BRRR or flips you might get a cheap term life policy.  

Do you think your insurance policy will cover you on any liability when they find out you are not running a legal operation?

After it's rehabbed, you could then rent both units and use the cash flow to offset another primary residence or potentially refi and use those funds to scale your portfolio.I wish this policy change was being talked about more because it unlocks a creative new strategy for investors in MA, since you do not need to owner occupy to do it!