Probably stay out of 53206 if you're from out of state or don't want to be an extremely active investor and drama doesn't entertain you. 

This is a state license though...you do not need anything specific to Chicago if you are thinking of managing here.

The local investors say there are a few more insurance companies in the State than a year ago.  

They are headquartered in Oregon and own land in several states.

Whatever you don't feel is correct, you can write the landlord and state that you disagree and why. 

I was exploring the possibility of purchasing a property out of state (in Texas : ) ) and was wondering: 1. 

I encourage all others who have been swindled or have had similar experiences to share them too and to submit complaints to the Better Business Bureau, Department of Consumer Affairs, Consumer Financial Protection Bureau, State Board of Accountancy, Federal Trade Commission, Police Department’s Financial Crime Unit, and the District Attorney.For the potential franchisee owners who are considering this as a business, I would run the other way!

OR and other Western states.

This would be our first rental and we would be living out of state.

I only lend in states in which I do not have to have a license in order to lend.