The City of Port Richey has given a preliminary approval for a second building which gives a new owner the opportunity to add at least 20 more units for $2000 or more in additional revenue.

I have a fealing the city will fine you as the landlord for the violation 

My biggest worry is buying all the furniture and items we'd need to make the space a BnB but then it totally failing.I don't want to spend all that money if I'm not going to make it back.

I have a 1B/1.5 bath 1,000 sq ft apartment in the heart of LoHi with spectacular city views that I either need to rent or sell in the next month. 

We are looking to relocate to another city and state for more job opportunities.

@Albert Jones Looking at property in Indianapolis is no different than any other city.

It all depends on the specific numbers, age of the condo, the specific city/town.

On the other hand, we have opportunities in our city to buy either vacant land or knock-downs in rapidly appreciating areas, put up new construction, and make an absolute killing.

Next go to your city's public records however you can access it and find property values.

I personally think that Rent Control will literally kill the city's rental market as well as force investors to look elsewhere thanks to the fact that Chicago is already a challenging place to be a landlord.