These are the options I'm currently exploring:Do the proper notice on the 3 month to month units and stagger the increases, starting asap, so I only risk losing one tenant at a time.

If the unit does not comply with local codes (like proper egress, zoning approvals, safety standards, etc), it cannot be legally rented regardless of how it’s marketed.The safest course of action forward, would be to bring the unit up to compliance with chicago's zoning/ building codes before attempting to rent or advertise it. 

     Firstly, this post is for anyone and everyone who hasn't had the opportunity to properly introduce themselves in the BP community.

And I don’t know whether I’m up or down to be able to report properly... lol.PS it does appear there is a trend that many are turning into what is called a Bitcoin maximalist, meaning Bitcoin is the big dog crypto and all or most of your investment in the space should be in Bitcoin.

Fix it properly, then rent it out to a highly qualified applicant. 

Maintain proper records, such as contracts, settlement statements, and promissory notes.4.

Other ideas that have captured my attention are finding a 4 bed/1.5 bath house that has room to add a stand up shower to make it a proper 4/2. 

Make sure your LLC is set up properly, and consider hard money lenders for more flexible options.

As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush.

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.