@Shawn Ding - I actually had renderings of the property and planned floor plans created by a graphic designer and used those to lease up units while we were under construction.

On most pdas and smart phones, webpages never render correctly which makes it cumbersome to navigate and read content.

I would like to thank you for all the quality posts you have rendered, I am sure it will be invaluable to most readers.

However, to get in first position you need to get a judge to render the decision and if they default you must wait a year before foreclosing. 

I consider an emergency to be something that renders a unit uninhabitable according to state law.  

My late fee policy reads as follos:RENT OR ANY PART THEREOF NOT RECEIVED AT THE OFFICES OF SBG PROPERTIES LLC BY THE DUE DATE AS REQUIRED IN PARAGRAPH 5(b) SHALL BE SUBJECT TO THE FOLLOWING LATE CHARGES: $25.00 PLUS AN ADDITIONAL LATE FEE OF $ 16.43 PER DAY INCLUSIVE OF THE DAY OF RECEIPT.LATE FEES ARE RETROACTIVE TO THE FIRST OF THE MONTH AND SHALL ACCRUE FOR EACH MONTH UNTIL THE RENTS FOR THAT MONTH ARE PAID IN FULL OR A JUDGEMENT FOR SAID LATE FEES IS RENDERED BY A COURT OF COMPETENT JURISDICTION FOR ALL AMOUNTS THEN DUE AT THE TIME OF THE ENTRY OF JUDGEMENT.LESSOR ACKNOWLEDGES, UNDERSTANDS AND AGREES THAT PURSUANT TO ATCP §134.09(8) ALL FUNDS RECEIVED FROM LESSEE WHEN RENTS ARE DELINQUENT SHALL BE FIRST APPLIED TO DELINQUENT RENTS AND THEREAFTER TO ACCRUED LATE CHARGES.

According to this document, the law for habitability in Illinois says:“the defect must be of such a substantial nature as to render the premises unsafe or unsanitary, and thus unfit for occupancy."

Rich people add more value and service that they render in price.

If you don't do this, and instead would rather see your checking account increase rather than your HELOC decrease, then you are going to be paying the interest on HELOC ($66 in your example) forever, rendering the strategy ineffective.Not trying to knock your explanation, but just wanted to clarify since you jumped from from borrowing the money to paying it off and only quoted the $35-ish/month fee for the borrowed money.  

.- mystical tales of connections with untold wealth and previous successes rendering the opinions/advice of her detractors moot.- continues to be blinded by how her attitude and behavior are the primary cog in this.Me: