Shell condominiums with no interior finishing are being sold (and flipped I suppose) for almost a million dollars.

We will say 736$ Total renting and household cost to you then is -400$ Now if you live in one side, Making big assumptions here total income:1000$ total rent but you apply the 50% rule to the total possible income2000 possible income *50% -1000(your side) - mortgage 654$Total renting and household cost to you then is -654$I am not saying to go one way or the other!

As condominium associations struggle with financial burdens and defaults increase, the lifestyle and environment they were built for facing increased strains.

It would be in the condominium by-laws.

According to the 2000 Census, of the 17,890 housing units inside city limits, 15,966 were occupied, 10,033 of them by families. 31.1% of occupied households had children under the age of 18, 36.2% were married couples living together, 23.3% consisted of a female householder with no husband present, and 37.2% were non-families. 33.2% of all households were made up of individuals, and 14.0% had someone living alone who was 65 years of age or older.

.- Require monthly household income of 3X rent- Require two positive landlord references- Run criminal, eviction, sex offender and judgement reports.If you did these things, a polygraph would not be necessary.

I will link the article at the bottom containing all the numbers; the metrics used by OSBM including Median Home Value, Property Appreciation Rate, Median Household Income, Median Gross Rent, Median Mortgage Cost.1.

The majority of households do have pets though, so the Pet Guarantee is a program that a lot of PMs are offering to give some peace of mind to these owners. 

So, about me: grew up in an immigrant household, first generation American, lived in Chicago my entire life.

We always prefer if it's 4-6x+ higher, and also prefer dual income households for that reason, although it always boils down to best candidates.