Normally does not wipe out government liens like IRS, demolition, mowing, preservation, etc.Some place it also does not wipe out water/sewer/utility liens.IRS I believe has 120 days to act after the foreclosure, I can think the other ones sunset.

Then you work with your contractors as you normally would to set up rules of automatic approvals or running them by you first. 

I would normally suggest self managing, but Chicago can be a little tricky.

not everyone's lifestyle or family situation permit but it's a great way to get started.and i agree with the others... 100% leverage is very risky. 

I think from an investor stand point if you can just rent as a normal LTR and be flexible with subletters in the summer months that is the easiest way to go. 

Just do your normal cash out loan.Anyway, I hope all of that makes sense.  

Normally they're very generic and don't really give you the info to be successful in your local market, or maybe any market. 

Lastly there just is not enough of those type of deals to take on extra work and risk .. its too narrow of a niche.. and keep in mind my fee's FAR exceed normal HML fees they make it worth my while.

It would help with the mortgage immensely and I would have to pay less compared to a normal single family. 

If this is an insurance claim the process is very different than hiring a roofer during normal circumstances.