In the process of revising Tenant Rules and Regulations.

You will benefit because they can better budget for a fixed known amount.Make sure you have your tenants on M2M so that if there is a issue with costs you can easily change tenants or increase the rents if your regulations allow.   

Since there are varied regulated costs to Title and Closing Costs you need to be precise in your numbers and completely respect that.

They can regulate the activity for the building such as letting you rent out or not, increase the communal fees etc.

The mortgage company can and most likely will send you a form 1099 C for cancellation of debt per IRS regulations.

Time to consult an attorney familiar with the regulations. 

A real estate license is a way for government to regulate an industry.

The friendly/family environment has been a great place to learn how to be an Investor-focused Agent and I can work any type of deals knowing I have a direct line to the DB for when I need answers to new questions/challenges.If you're interested in scheduling an appointment with the Designated Broker, Steve Fowler, to see if the brokerage would be a good fit I can arrange that. 

He seems well versed in the regulation issues affecting Chicago, as well.  

HI Corey, I would say more information about regulations and requirements.