One last thought, have you considered just selling to (or trying to partner with) a developer?

Hey @Jules Aton, well some of the best ones out there are from Lovesac.

Would a bank even allow us to mortgage multiple buildings on a single lot without it being subdivided?

One unit was rehabbed with $15,000 and a new leaseadded at market rent.

The one thing to consider is that IL and NY are both not landlord friendly states.

@Kevin ApolinarioCongratulations on taking the steps toward your first real estate investment!

Can i put a lien on the house for this. 

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

Or the listing agent.If you have a provision on assigning leases to the buyer and transferring security deposits in the Offer To Purchase (in Wisconsin that's part of the standard form) the title company will put the SD as a line item on the closing statement.

Right now I am focusing on building a strong buyers list before I really hit the ground running on marketing for sellers.