If the court then rules in the landlord's favor, the landlord may collect up to three months' rent or three times the actual damages, whichever is greater (KRS 383.695).Note: Any time the Act requires that notice be given either to the landlord or tenant, the notice should be in writing and a record of all correspondence should be kept.

We are planning to do our first deal(s) before the end of 2015.I currently have a well paying job with a reasonably high net worth and we have great credit so we expect to be able to get favorable loan terms.We are primarily looking at buy and hold single family rental properties as well as smaller multi-family/apartment opportunities (2-20 units to start).We intend to form a corporation to hold our properties and gain tax benefits.However, we are talking about doing this full time (I would quit my job at some point) and we were unsure what the impact of this decision might be on our ability to get loans.  

I would assume your contract favors you, which is understandable, but the agent has a duty to protect the interest of the seller, not you. 4.

Understanding what area that you are referring to, the multipliers there favor a different price point, unless you can get it to retail condition.

There are low money down owner occupied conventional mortgages that may work in you favor.  

If you read my bio, you can kinda get a feel for what I have set in motion, I am still new to all of this. 

That too, plays in your favor from a pricing standpoint as well.

I found out to not use national banks as their deals don't particularly favor my desires.

Also the landlord rules and regulations are not in your favor in Chicago.

Also banks tend to look more favorably on those owner occupied 4-8 units.