But you will need to have an Inspector from the Building Dept do a courtesy Site-Visit and tell you (get it in writing) that this is acceptable to them.If it would help to have me look at it let me know.

i'd take the 3 'more expensive up front' options, for each one list the difference in closing costs between that option & the 'cheapest up front' option, then compare your cash-on-cash return for each for the initial additional investment vs. the saved interest in year one. that would give you a starting point for if the extra investment up front is worth it or not per whatever your normal desired COCR is for any investment. but another thing to consider is, how long is the rate fixed for?

He will not need a full set of architectural drawings at this stage, merely a zoning plan which reads more like a site plan.

They charge by the entry, at least they do at mine so the tax return is one set fee like $250 or something then to add the duplex would be an additional fee.

Additionally, I am a General Contractor in the City of Chicago, and I help rehabilitate properties for my clients.

For example, do you get lists and do mailers or call people from sites like PropStream or other others?

In addition, it will be at a much lower rate and lower fees than a HML.What are your thoughts?

Additionally, if the single-family home is used as a rental property, you can benefit from depreciation deductions over the property's useful life, which you would report on Form 4562 and deduct on Schedule E (Form 1040).

@Taryn Hansen As this is a real estate site I’d have to say rent out the house and keep it and watch it appreciate in value while you earn solid cash flow and get tax benefits.

The addition of a Ground Fault Interrupter negates the need for a ground wire.