I do believe college has its perks which is why I'm most likely going and with these responses so far I'm even more sure now.

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!

Yes Sure Trevor. 

I'm sure the property was built before 1978, meaning in must have lead testing done before any tenant moves in and at every turnover.

I’ve never done a short sale before, so I want to make sure I’m not missing anything important.For those who have bought short sales before:1️⃣ What are the biggest risks I should be aware of?

Use Real Estate By the Numbers as your guide, make sure it tracks the loan pay down and depreciation and have all of those numbers pour into a Schedule E.

No making sure the home was clean and ready for guest.

Germain Act and using a trust for subject-to approaches that may work for this kind of transfer, but I’m not sure it totally applies to my situation.The previous replies stated answers to your questions, but some of the answers may not have been clear. 1.

Not sure on the $400k, but I can put you in touch with my realtor and others in her office. 

Just make sure to vet them carefully and ask for references from past deals and proof of their track record.