If you are doing a rehab and are pulling permits I am sure the inspector will demand them. https://www.reference.com/home-garden/illinois-bui...It doesn't cost $3000 for just the window.

So you can rent out one side and as long as you live in the other side you can have as many roommates, visitors, pets, cars, trucks or garden gnomes that your community allows.

Probably fresh paint i guess... in combination with what @Jared Bouzek said I feel like its a lot of time/energy just for 15k.

C deals are the older garden style 60s-70's built buildings that have been maintained, but still have low ceilings, etc.  

For the record, in my hypothetical the 500k building in Chicago would typically be a triplex or duplex with an illegal "garden" unit, so the renter's expectations wouldn't be that of a super-luxury unit.Sounds like overall you agree with my back-of-the-envelope reasoning.  

what specifically are you looking for. i have experience with several. just depends are you looking, track home, full high end custom, or garden oaks mc mansion?

Secured my first lot, its on fresh water, Any one interested at 25k let me know.2009 SW 2nd Terr, Cape Coral, Fla 

If the place had a fresh coat of paint with the fixtures updated, it would probably rent for $1300.  

Fresh coat of paint and list that old girl!  

There are people posting on these boards who are fresh out of college and have a teaching degree, $50k in debt and a $600 payment for a brand new Jeep and they want to know how to get started.