The owner is open to seller finance for us.

I got a hold of the owner by looking up his information on the county website.

The owners at the time were directed to our Real Estate agent and she showed us the property as it was a good investment opportunity.How did you finance this deal?

Have you approached the current owner of the car washes to see how much they want in a sale?

I and a bisiness partner are the new proud owners of 8000 sq ft lot in McHenry County.

I can only think of 2 times inn the last decade my client has had to go though an eviction and both times it started cause the owner and tenant had personal issues. 

Also would need to know if the property would be owner occupied or an investment property. 

Cheap homes for an area are cheap for a reason - low to no demand from local investors or owners. 

If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.

The good news is owner occupying allows you to get away with things like this a bit more.