Would love to connect and chat on this more.

Welcome to the community, Evan!

Welcome to Chicago and excited to have you as part of our real estate community!

It has yet to happen for an RE related event but my last threat of being sued was last month (and unlike most suing threats, we had made some minor mistakes on this one).

Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.

Hi Batyr, welcome to the community!

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

I suspect the person who originally turned it into a fiveplex only applied for permits to make a fourplex and then did the 5th unit fly by night (perhaps at a later date) in order so the property would still be considered residential and allow for better financing possibilities.

And there are many possible ways that can be resolved and most don't involve hiking up property taxes so high that most people can no longer afford to be a landlord. 

Has anyone tried using AI to turn property photos into short video clips?