Understand Chicago ZoningChicago’s zoning regulations vary by ward.

Follow your state regulations on notices but do everything you can to avoid an eviction.

Search the BP for ADU appraisals to encounter numerous examples.

I find it easier this way once you know your regulations and ROI in certain areas.  

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.

Consult a CPA or real estate attorney to understand tax implications, build a reserve fund for unexpected costs, and research local regulations to ensure a smooth and profitable transition into rental property ownership.Good luck!

There are a lot of jurisdictions (most of the West Coast now) that include marital status, sexual orientation, and others under their fair housing regulations.

If you're going to do it alone, make sure you your due diligence: estoppels, inspection, review, consult with a local attorney familiar with the local regulations, etc. and good luck.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.