It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.OK, chasing 32unit apartments, acquisition priced between 3.2M - 4.8M.  

For me the area I was concerned with was estimating costs.

It does not mean that they are not legit, but it is a concern. 

These are pretty much the replies I expected, but great to hear that I'm not the only one concerned with guest safety. 

Seller wants $160,000 cash out which leaves $50,000 in equity for the buyer.I had a taker from CA but he couldn't come up with the cash.I was not aware of anyone that understands that kind of deal.  

This leaves here with almost $500k in capital gains to pay tax on.I'm trying to find creative ways in which she can minimize this tax burden. 

I don't have your answer, but I do want to let you know my concern.  

I really wanted to convert the residence to a rental property, but everything I have heard about doing so in Cook County has been very concerning.

If you are already planning to buy out-of-state and use property management, you are leaving money on the table and may want to look into more passive strategies since you don't seem to want to do management and you will still need to manage the manager.2.

So since they’ve been here for about a year, they have 60 days to leave?