Monthly pre-tax income for household 5.)

Have another account with 6 months of expenses, which includes all expenses, not just emergency--that trip to Russia, Sweden, and Germany, another for Hawaii, funds to fly out the grand kids a few times a year, household expenses, all the rental expenses, maybe a new car, whatever you typically would spend on 6 to 12 months. 

And again, the $/sqft metric doesn’t account for that.I hope it’s obvious how the price-per-square-foot calculation isn’t enough (on its own) to properly compare the prices of two properties against each other.Where it does work is if you are comparing kind-for-kind homes in a development or a Condominium building where amenities, view and fixtures are comparable.True market value is what a buyer will offer, and a seller will accept.

And state whatever your requirements are for income..... for example "your household take-home pay must be two and a half times the monthly rent".

You already know it, a peaceful household.

Disturbances can create a major problem for the property owner, especially in a condominium or gated community because the owner could face fines and other penalties.Your property manager can perform periodic drive-bys at night to ensure everything is under control.

@Amanda ReynoldsI would start by taking a very objective look at the way you are running the personal and household budget.

The investor purchased the asset with the intention of renovating the units and adding value by increasing rents.South Shore remains to be one of the most undervalued neighborhoods in the City of Chicago relative to employment, average house hold income, occupancy levels and rents.

The property is a 2bd 2ba condominium.

Kristine Marie Poe ,It looks like SFH not subject to rent control are still subject to "just cause" evictions, based on the wonderful SFTA folks :)"Some Units Have Limited Rent Control Coverage Single Family Homes/Condos—You do not have full rent control protection if you live in a single family home (note that a single family home with an illegal in-law unit counts as a 2 unit building) or a condominium and you (and your roommates) moved in on or after January 1, 1996.