Many of the Chicago suburbs also have compliance inspections when a property sells which can add complexity for a newer buyer (an annoyance for an experienced buyer).

The lender assured us that they only care about monthly minimums, not the lump sum. 

I hereby demand you remove the vehicle from the property by noon on [DATE] in compliance with our agreement.

Guidance with compliance with laws, regulations as well as handling day-to-day operations will be important.

I had to introduce her to the concepts, assure her we had the support structure in place, and ultimately concede to hiring a property manager to put her at ease.

I would just assure them that you'll be keeping an eye out for them.

@Joe Splitrock It's a Yale Assure with a Yale Wifi Bridge, connected to a COX router.

Benefits to buyer: they get to be assured of their rent being stable and get a longer lease, they get to live in the house they are going to buy today rather than waiting until they can finance it, they get time to bring their credit up and save a little extra money so they have closing costs on hand, they can show the lender on time payments and a sizable down payment. 

Nevada and Wyoming do provide great LLC options - the important pieces to consider when setting up an LLC is the cost to form the LLC, the state requirements for compliance, the charging order protections in the state, and lastly where the property is located (although this is not definitive).

That is multiplying your compliance costs.