Now a landlord (and architect), I wouldn't build out the space without the second stair since it really is a safety issue/liability (especially in case of a fire) if anything were to happen.Full excerpt of building code below:According to the Chicago building code on egress requirements, the third story above grade plane within a dwelling unit [which in this case is the duplex-up unit], all the following conditions must be met:1.) the building is equipped throughout with an automatic sprinkler system2.) the floor area of the story does not exceed 1600 sq ft3.) the dwelling unit has an exit that discharges directly to the exterior at the level of exit discharge.Your third story attic space is unlikely to exceed 1600 sq ft, but you'll probably find the sprinkler system to be cost-prohibitive.

(Fortunately, neither of these are a particularly friable substance.)Generally, removing all substances that might have asbestos won't be cost effective. 

Which would mean that all of my clients funds go into my bank account and I would pay them their net payout (rent less my Mgmt fee, cleaning fee, maintenance costs, taxes) at the end of the month instead of them paying me my Mgmt fee.

He asked me for the following-1: Company certificate (for companies only)2: Drivers license/SSN3: Utility bills4: 1-3 months statement of account5: Documents of the property to be used as collateral (if any)6: Provide Loan origination cost for the processing and transfer of your loan funds 7: Bank details for funding (closing)I have their website, but how can I fortify myself so I’m not being scammed.

They accept financing so all cash is not necessary and we are asking them to paying for closing costs. 

However, the overall cost of homeownership will remain high, influencing buyer preferences towards more affordable properties​​.Rental MarketThe rental market in Birmingham shows a trend with year-over-year rent prices increasing along month-over-month prices rising slightly.

Plenty of companies can do a AML check and you can make that cost as part of your origination process.As a FYI, we had someone fail a AML / KYC check because they were a former drug runner in a cartel.

Replacement cost approach: Used for things like insurance to determine how much insurance you need if for example the house burns down and needs to be re-built. 2.

This can be advantageous in making offers to purchase more competitive, allow buyers to be more aggressive with purchase price and reduce closings costs.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!