Buying foreclosed properties in Chicago

[Andrew Oladipo]

I am working on a possible partnership to acquire a foreclosed property in the city of Chicago. Both of us (my partner) have no experience with foreclosed properties or dealing with the city of Chicago. Said property has some violations and will require a complete rehab. Our plan is to rent it out upon completion. The building has two units. Each unit has two 3 bed 1 bath. We are going for one of the two units. I will appreciate all advise on what to look out for. Thanks Andrew