Start with Reonomy or Costar to identify all the 100+ units in your target market (on and off market) and then see if you can get into direct contact with some owners.

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

.: @Karen MargraveGood to see you back here.When I was a midshipman a thousand years ago, we had accommodations similar to this, though our "micro-units house 2 or 3 cadets.  

We specialize in new construction SFHs and small multi unit buildings in Chicago. 

We profit about $1200 a month from both units.

Greetings BP community, I recently joined a national senior care living development team. I'm coming from smaller scale mixed use development and fundraising. I'm data driven and would love to immerse myself in IL, ...

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.

This facility has 144 Units and a 3400sqft shop house on the property.

Good grief you're wanting to sue because your unit didn't rent?