Where I am going with this is that if the fire was tenant negligence with cooking, then their renters insurance may pay.

Or you can go directly to the author, Joe Massey at Castle and Cooke Mortgage

Same reason people go to restaurants vs cook at home.

The property taxes on this building seem far to low for what properties typically pay in Cook County. 

One smaller note, Cook County just reassessed taxes and it's a pretty big bump (at least on my properties before I go to appeal). 

This type of tenant rarely calls the police on a landlord, and the police have better things to do.Providing a basic, sanitary, safe roof over their head, with heat, and a place to cook for a reasonable price, is not being a slumlord.  

@Carey Cook Welcome. 

Choose not to buy the property if you domt like that the tenant is a smoker.

Also....you absolutely can screen the tenants....you are not "forced" to take anyone.To help mitigate the risk of having potential tenants that are "a little rough around the edges I make sure of the following.No Smokers, Period....not even vapers or cigarsNo Drug Users PeriodNO Previous Evictions from within the last 10 yearsNo felonies No pets, period.I have Section 8 tenants in Cuyahoga County (Cleveland), Alameda County (Oakland, CA) and Contra Costa County (Concord, CA).....and it works.

Cook at home, and don't be buying any steaks or lobster for the near term. :)