Corporations are recognizing that they need to come back into the city to continue to recruit young talent, and Chicago is seeing a lot of the influx of these HQ's.  

That's because a home is very likely to be the single most valuable thing a person will ever own - and the states recognize that a fast-talking flim flam artist can convince an uneducated (in real estate) seller that their home is worth a lot less than it is and steal a bunch of the equity that should have gone in the seller's pocket.For evidence, I present my current clients in Plymouth who received an offer that was $100,000 or more below the current market value.If I were to screw a seller the way wholesalers commonly do, I'd get some combination of fines, license suspension or outright revocation. 

If FMV is significantly below what the renewal rate is set at then a sophisticated tenant will recognize this and negotiate to FMV.   

As Christian said, please upload a personal image so we can come to recognize you as you participate on the site.Welcome aboard!

Alternatively, if recognizing the market has a high absorption rate, the agent can increase the price without potentially sacrificing demand for the home.

You get to recognize how they sound after a while when the tenant is obviously lying -- the landlord is always COMPLETELY in the wrong, evil, monstrous, wicked, the tenant is always COMPLETELY unable to defend themselves and in the situation through ABSOLUTELY NO FAULT OF THEIR OWN, and finally (and this is most important) the tenant NEVER OPENLY SUGGESTS any sort of access to the law no matter how obvious that solution is.

I say this recognizing that you are self managing and that in effect makes the 50% rule the 40% rule. 

I do recognize past performance does not necessarily imply future performance.  

You fail to recognize that technology has resulted in more productive workers.

If you want to buy here, buy to be a long term buy and hold investor who believes in the fundamentals of a nice friendly boring reliable midwestern city, but recognize now this is a boom town in the sense of the modern boom.