The tenant wants to stay 2 weeks post closing in order to get all of his stuff out.

Did you get started after this post and how is the success?

You should connect with @Fed Finjap; I just saw on another post that he is also buying in the Chicago neighborhood ofLakeview and he recently went through some lessons learned on a 3 flat in Chicago.Check out his post:  https://www.biggerpockets.com/forums/922/topics/1223655-refl...

what you're proposing, while possible, is incredibly difficult and highly risky, and i don't know how you would do it completely remotely with no plans to visit or set up a team.i think i've said this in other posts, but there is tremendous demand for inventory right now among both retail buyers and investors. 

Interesting post.

If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.

its been a few days and this post has gotten a lot of feedback.

Drop a post on this thread if you're interested in a quick call to share learnings.

You will be able to learn a lot from the forums and past posts.

Hi Ursula,Even though this post is a few months old, I thought I’d chime in just in case you’re still working through this or for future projects.