In R-1AA, R-1A, R-1, R-1N and R-2A zoning districts an Accessory Apartment, Accessory Cottage, or Garage Apartment may beallowed as a second dwelling unit on a single-family building site under the following conditions:i) Accessory Apartment.(1) Inside the Traditional City, one Accessory Apartment shall be allowed as a Permitted Use when the building site is at least 1.5 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City, one Accessory Apartment may be allowed as a Conditional Use in accordance with the regulations andprocedures provided in Chapter 65, Part 2D, when the building site is at last 1.5 times the minimum lot size for the applicable zoningdistrict.ii) Accessory Cottage.(1) Inside the Traditional City, one Accessory Cottage shall be allowed as a Permitted Use when the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City in the R-1AA, R-1A, R-1 and R-1N Districts, one Accessory Cottage may be allowed as a Conditional Use inaccordance with the regulations and procedures provided in Chapter 65, Part 2D provided that the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(3) In the R-2A district inside and outside of the Traditional City, Accessory Cottages shall be a permitted use provided that the minimumbuilding site area for an Accessory Cottage shall be the same as that required for a duplex development.

The expenses were more than he expected despite that all of the major systems in the home were in great shape. 

The property has a new HVAC system and new electrical. 

I read somewhere that a owner was told by the city that they had 6 months to install some sprinkler system into an apartment building.....he sold it for cash in a quick sale. 

(He lives in same building as landlord)My concern is I'm reading a lot of scams on how Chicago tenants try to work the system and the landlord is stuck in a battle for months.

I'd like to create a system to rank different geographic areas based on certain key factors.

Yes, I plan on managing these as I am more than capable of the M&R items and my wife will take care of the administrative items.

I have a somewhat different system for filling my deal bucket. 

Have you found a reliable system that allow you to handle those late night phone calls, and last minute issues?

On deals priced from $300k-$1M, you can be very successful in the 80% range (but not too much over that) assuming you have the right teams and systems in place.