After two years, you can qualify for a loan or continue working the seller-finance angle. 

My question is, for those that are familiar with Rent Redi, are the instructions to confusing for most people to follow and fill out the prequalification form and I should simplify the process, or should I consider the instructions of the prequalification form a way to weed people out and if someone isn't willing to follow through with those steps I should consider that in the type of tenant they well be?

When an appraiser is adjusting a comp to match the subject property, he or she will use an adjustment based on the difference in square footage.

Electric-needs a separate address or unit number.  

Whether it’s reconfiguring layouts, adding square footage, or converting single-family homes into multi-unit rentals, the goal is to unlock value where others don’t see it.Distressed properties aren’t for everyone, but for those willing to put in the work, they offer some of the best returns in real estate. 

Some operator takes some pity on me and says I can do some of this expedited and in person but only at Lake Zurich, Mount Prospect or Springfield walk in. 

you are talking about modifications you make with just words it would help to have pictures of updated renderings or version 1 versus version 2 

But really, I have done this at least 5 or 6 times.

By effectively utilizing space, we can often increase the number of units or functional areas within a property without expanding its footprint.

You may want to share you analysis with a few banks and/or property managers as they will typically weigh in on your assumptions if they are potentially interested in working with you.