Additionally, she stated she doesn’t want to pay either.

In addition, I've helped many other investors finance their deals as a mortgage broker.I'm happy to share my experience as both an investor and lender.

However, there was a lot of additional paperwork, and I had the capital...So I just opted for the more traditional path instead.  

Some buyers might see this as a bonus, while others may worry about tenant turnover or stigma, so it can affect the price slightly.Sell when the building’s cash flow no longer meets your goals, market conditions are strong, or you’re ready to reinvest into something else.

Additionally, I have one savings account for reserves for all my properties, which I add to every month. 

Does this completely prevent the tax lien holder of getting additional gains after foreclosing? 

There is no additional "risk" on the note like a demand clause etc, but you have  extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.  

Are you looking to do additional projects like this in other cities/states?

There waiving regulations that would have impeded it, and are trying to get additional funding to cover anyone who had any lack of coverage. 

Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.