Hi Michelle, I would be more than happy to discuss this with you.  

I don't know if credit unions can ever do this stuff?

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

This almost always means they are a land lord or the property is currently vacant and likely to sell soon.

With one deal under your belt, financing may also be easier this time.

Alright, it’s time to get this place looking like a home!

That would probably be a good market for something like this.

We put this in our offers to differentiate ourselves from other offers and we can write off this expense as a tax deduction.

Why are you losing money just to keep this guy?

If you're talking about building an interior wall to create a bedroom, this could work so long as you aren't significantly reducing living space compared to the competitive rentals. 3 bedrooms with a tiny living area could cause problems.