Due to the many hands in the pot to finalize everything, what I learned was that there is a need of at least 3 different licensed  contractors, realtors, attorneys, brokers, etc.

” (35 ILCS 200/15-175) The amount of exemption is the increase in the current year’s equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $7,000 in Cook County and $6,000 in all other counties.Our scenario is my mother and step dad live in a SFR of ours and their rent is solely based on the total costs of the property (mortgage, insurance, and property taxes).

It’s your chicken cook it the way you like 😁

This would protect your property rights without stirring the pot.

If the option only goes up a buck a foot then there is not much negotiating room to sweeten the pot.

If you want to add to their lease (you have management items in your lease), you can pay them to review the clauses that are outside of their standard cook book.

As long as the cook knows what he is doing that is. 

For example, if, in an 18 hour waking period, you spend 2 hours snooping through the AirBNB, writing down the makes and models of appliances, figuring out the distribution of the mini shampoos and inventorying how many cooking supplies your hosts are providing and the thread count of the sheets, then an auditor might allow you to take 10% of your total trip expenses as a deduction.If, however, in an 18 hour waking period, you spend 6-8 hours per day interviewing Hosts, researching which properties would make good AirBNBs, researching the local laws, touring properties, meeting with an agent and vigorously pursuing your next acquisition, you'd have a MUCH better case for writing off your travel expenses (but probably not your lift tickets and equipment rental).If, on the other hand, you are traveling and on vacation and just hang out in your AirBNB without actually performing any activities, then the odds that an auditor will allow any deduction at all is pretty minimal.In any audit, it would be up to you to document the business purpose of your trip.  

@Richard Cook Awesome man i'm at Columbus!

Thanks,Brad Cook