What about if the original LLC has a fully paid off house in its name?

Weeks later, you'll find the original check was no good, and you'll be out the money you sent them.  

Sorry, I should have provided that detail in the original post. 

All, at most, have had minimal fees - $500 for origination, etc.I closed a cash out refi this past week at a miserable 8.25%.

That new part of Chicago near Schaumburg is great...I am pretty familiar with it because I am originally from Elgin.I know personally that I create undesired stress by taking on too much too fast.

I am trying to make sure I am only enforcing the lease and not reading it with a biased perspective.I would happily consult an attorney for a reasonable fee (any recommendations are welcome.)The original annual lease had an end date of 3/31, if that is helpful to know.

That was my original goal.

Furthermore, you may want to educate yourself on the topic of debt to income (you know the original topic of this post).

I'm not sure where you originate and underwrite ground up multifamily deals but it certainly isn't in ohio. 

Originally posted by @Hieu Bui:@Greg Dickerson I plan to contract out the exterior and DIY the interior.