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Shouldn't the city or county have to take bids and proposals from interested note buyers/holders?

One of my dear friends is very friendly with the folks that got the crowdfunding legislation pushed through.

Could OP buy his proposed subject property AND another property with the balance of the proceeds to avoid taxes?

And of course, there are the high bids that are predatory in nature, overdoing things or just overcharging for whatever they propose to do.

Think of the land trust saying yes, I own the property but it is "In care of: John Doe""Illinois Land TrustIn Illinois, and in five other states, legislation has been enacted that creates a special type of trust, commonly referred to as an "Illinois Land Trust".

They will look at your actual net income (usually without the depreciation) and compare this to the proposed debt service payment (the P&I part, taxes and insurance are already taken out at this point.)

Something like a HOA family member roster on file with the lifeguard and limited sets of guest pool passes for each unit seems like a viable alternative to suggest if you want to propose at the next board meeting or to a board member.

Talk with them and get them to propose a price.

JScott- You're smart enough toknow that if ANY candidate actually listed the things you mentioned, they'd NEVER get elected. the other candidate would misreprexent the cuts ( like the current Medicare argument) and the entitled folks would vote against the candidate proposing it.