Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.

How much less will a potential buyer pay for the house, now that one "bedroom" does not have a closet?

I want to be able to find potential markets/listings nationally based on the return. 

In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property.

How would you manage risk? 

Tenant had some risk items such as extension cord going from outside to inside which invited an inspection.

Look into Illinois first-time buyer programs for potential grants, and think about leveraging business credit once you’re established.Good luck!