This can be a game-changer, especially in neighborhoods like the South Loop or near revitalizing areas like Pilsen, where property values are expected to rise.Improvement Exchanges: Recent IRS rulings allow you to use exchange proceeds to make improvements on a replacement property while still qualifying for 1031 deferral benefits.

This does happen a lot in my area and if the person is licensed and follows the rules of everything on the transaction, you should be good to go!  

Make sure your lease stipulates its a "shared property" and list all the rules to make sure they toe the line, garbage, one vehicle(where parked), noise, no personal items in yard, everything you can think of or choose/whatever.

The rule of thumb is this one selling anything: get it out to as many people as possible.

In Washington, where I was previously licensed, I had easy access to phone numbers for expired listings right on the MLS, making it straightforward to cold-call expireds.

A straightforward response like, 'Thanks for your interest, but we’ll need confirmation that the buyer can cover the full (or close to full) listing amount,' seems fair.

Quote from @Catherine Sanchez: Do Not Call Rule #10: https://www.ftc.gov/business-guidance/resources/qa-telemarke...If the individual contacts you first, they have established a business relationship.

The general rule of thumb is- no inquiries, you are at least 10% too high.

There are rules that government what can be reported once the debt is charged off.

I own a property literally on the Fannin / Union line in Morganton (on the Union side) so we now have some new rules we have to follow and they are restricting th number of STR permits in the county Thank you for sharing Neil.