As such your underwriting should treat this as a duplex.I suspect eventually virtually all of Chicago will allow additional units but it could quite a few years.  

Check with your City/County Attorney if you can treat the unit as abandoned.  2. 

I’m new in real estate but I grew up in Indianapolis and it’s been treating me well if you decide to come down I’d love to connect and work with you!

@Amanda Bahil our lease states that we are not responsible for payments lost in the mail or stolen - specifically to cover events like this.Because of events like this, we also charge tenants a $10 Processing Fee if they send us rent via mail - to encourage them to pay electronically or deposit directly in our business bank account.Unlike the comments of others, we see this as 100% the tenant's problem, though not their fault.How do you think a lender for a mortgage or car payment would treat this?

The prospects for appreciation are limited (probably below the inflation rate), your tenant pool sucks to manage from out of state, your risk is high because you don't know what the heck you're doing - none of us did on the first go; that's not personal - and your flippant verbiage is treating this more like trading stocks than buying property. 

If they take the full 30 days, treat it like an ordinary move-out.2.

. - Treat it like a home that you are inviting guests to.

This is how we treat people in The state of New Jersey .

Build relationships and don't treat every person as a transaction, and these types of things won't happen to you.We lend to plenty of investors who use the same wholesalers time and time again and don't try to do any of these things because the numbers work for everyone.Build a quality book of business and none of these things will be issues.

With conventional, our comp can be paid by the lender instead, so it's not treated as a closing cost you pay at closing.