Get on a bunch of wholesaler lists.

Has anyone dealt with a similar situation?

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

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Inspection reports and appraisals are helpful but aren't a cure-all.

Out of curiosity is there a reason you do not wish to repeat the process with a new purchase?

Look for a solid house that's in need of nothing more than updating.Major structural, utilities and foundation repairs might be a big bite for your first one. 

Do you have a specific area of Chicago where you would like to live? 

We also own a rental property.

@Sarah Hadassah Negrón so you get a money judgment.Now you have to turn that into a garnishment action with the courts.To do that, you typcially need to have the tenant personally served - which means finding them or hiring a skip-tracer to do so.Then, what are you going to garnish?