Zoning & ADU ConsiderationsChicago’s ADU Ordinance applies if you create an additional dwelling unit beyond the existing count.If you stay at 2 units total (just shifting one unit partially to the basement), you likely don’t trigger ADU rules—but confirm with zoning since each ward can interpret things differently.If you want to eventually rent the basement as its own apartment, you will need proper zoning, permits, and a second exit per Chicago code.3.

I just found one that is 73% below the AVG for the area so there is lot of money to be made on this.I didn't have and don't have the $1000 to join the program and now I am glad I don't.What zip code is the deal in?

Our plan is to purchase a suitable property and ensure it meets all required codes and licensing standards.I would greatly appreciate any advice, insights, or best practices from those who have experience in this field.

Our firm manages easily 300 units in the 38104 zip code. 

. - Agree that PMCs that literally just give out a lockbox code should be avoided. 

Quote from @Jon Martin: Biggest headache I see is setting door codes, which I use the last 4 of their phone number for.

Comps are a little scarce with 3+ units, this close to downtown and completely up to code.

When crunching their same numbers in and around my zip-code (upstate SC), I am confused on how long term rentals would ever be possible without more freed up money to begin with. 

The city requires properties to be registered and often involves periodic inspections for lead paint, fire code, etc., especially for multi-units.For those successfully operating rental portfolios in the City limits:Compliance Pain Points: What is the single most confusing or time-consuming step in the current Buffalo rental registration or inspection process?

SE Tax is is a separate code section under 1402 not 469.