I hear it is mostly safety related and as long as safety is in check (a door and a window of minimum size), then it can be a bedroom, and it is mostly left of to the ethics of the agents when listing. 

It is not DIY; the tools are expensive and I believe you need to be licensed for it.As an added level of safety, you can install an AFCI at the circuit breaker box.

It isn't about value as much as safety.

Also, if the tenants complain to CHA of a life and safety issue (loss of heat, sewer gas smells, rodents) then there is the additional fee for another inspection, pus the costs of addressing the issue, plus the cost to sit another inspection.In short, I changed my original estimates for maintenance from 5% to 10%.  

Some care about the person being local while others prioritize the property being local.

In this step, you’ll renovate the property to make structural, safety and aesthetic improvements, and prepare it for renters.Rent out the property: Determine the rental price and find people to rent the home.Do a cash-out refinance on the property: With a cash-out refinance, you convert your equity into cash.

Check with building and safety.

Basically it states only issues related to health and safety need to be addressed.  

It saves both money and effort for building owners.Improves the property’s safetyKeeping up with property maintenance will guarantee everyone's safety.

Prices are still very reasonable, safety doesn't seem to be a major concern, and there has been significant growth there in recent years.