Let's break it down:Sole ownership-Keeping the property in your name is the easiest way, but it means if something goes wrong, your personal stuff could be at risk.Land Trust-A land trust can hide that you're the owner, giving you some privacy and maybe less trouble if certain issues pop up.

Before diving in, make sure your mortgage allows for owner-occupied multi-unit properties, understand local regulations, screen tenants carefully, financially plan for potential costs, and have a clear exit strategy for managing the property in the future.

My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and any other Title and Escrow/Settlement Charges.

Property owners should weigh the benefits and drawbacks and consider the level of trust placed in the tenants to make an informed decision that aligns with their goals.Promote communication between landlords and tenants for a positive relationship.

This is for owner occupied I believe it.

Hi @John Warren, another Chicago property owner looking for insurance if you could send it to me.

We are still raising rents to catch up to the large market increases from 2020-2022.From an inflation standpoint, the information above is a good thing as market rents and owners' equivalent rent are a huge part of the inflation calculation (and also one of the reasons the fed has pivoted positions as they understand the lag impact of stabilizing/declining rents in the calculation).

if there is a DTI issue you or any family member could go on the loan as a "Non-owner occupant" to help with DTI and again if its paid off quickly when it sells it would be a short duration family would be on to help.

I found this listing on Zillow, looked at the numbers and everything checked my boxes, so I contacted the owner and kept a close eye on the listing.

Some properties would meet the math if they were bought, renovated and re-rented at up-to-date market rents however after reading online I am realizing that landlords can be in trouble for "renovicting" tenants of the previous owner with the sole intention to increase rent afterwards.