I'm not here to debate, complain, or anything else.I simply shared my experience to help the poster, that is all.

The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.

So I never turned people away simply because they don't meet one or two criteria.

Based on your post, it's probably best for you to simply not invest in Cook County for your own peace of mind.Sure, any tenant could stop paying rent and that risk is never zero.

They usually have a small upcharge on the work done but it's generally not a profit center for them. 

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

My belief for SFR is that prices simply don't move much and grow slower than inflation.

Net profit could dip to $20k-$40k, which is tight for this scale of project.Consider adjusting your reno budget or negotiating the purchase price.

This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.

My question is - Shall I simply not take a chance with her and inform her that I have found discrepancy on her application and her background and just ask her to evict?