. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

University of Illinois Urbana-Champaign (UIUC) has seen record enrollment in recent years: it set its highest attendance in history, with over 57,000 students enrolled and in 2024 just had highest freshman attendance in history and keeps growing, Carle Hospital, Craft Factory (Warren Buffett approves), etc for diversity of economic drivers.

Do you have a pre-approval or cash ready?

@Darrell Kirby no approval is necessary.go to: https://www.michigan.gov/mshda/rental/housing-choice-voucher...https://www.affordablehousing.com/list-your-property/

A house in rural MO, like my mom's, doesn't require any permitting or zoning approval at all.

The loan approval is based on the property’s cash flow—so as long as the rental income covers the mortgage, you’re in a good position.

**Get Necessary Approvals:**In many places, you'll need approval from a significant percentage of the condo unit owners to make this change.

One thing you might want to focus on now is getting pre-approved for financing if you haven’t yet—it can give you a stronger position when making offers.

Alliant immediately approved me for a much larger loan than the previous lender... fingers crossed I don't run into the same issue with regards to a last minute request from underwriting to have an in-person appraisal that results in a lowball valuation.

You may find it useful to seek an unofficial preliminary meeting with the local powers-that-be to get a read on how much resistance there's likely to be with your development, as well as getting an early read on things they'll "suggest" to make necessary approvals more likely.