Income from rents is not.When annual income from flipping becomes substantial (somewhere north of $40K) many investors opt to have their flipping business taxed as an "S Corp".

I am still cautiously optimistic about the Chicago market, but you do have to underwrite for property taxes to go up substantially in the year post sale.

Be sure to document and substantiate.  

However, contractors are substantially more expensive and would charge atleast 3x what it costs us to do the remodels, now.Just looking for your thoughts.

I wouldn't want to jeopardize a substantial option consideration payment when their is a crazy lien on the property that apparently won't be removed even if the owner sold the property.

Scenario: $1,000,000 List priceBuyer #1:offers $960,000 submitted with a qualification letter for the same $960,000 with $5,000 scribbled in the deposit line of offerBuyer #2:offers $955,000 submitted with a qualification letter for $1,213,700 (odd number is for a reason) with a $40,000 Good Faith check or Escrow Letter Most sellers and listing realtors would go with Offer #2, where the buyer is negotiating from a Position of Strength, backed up with a substantial Deposit showing they are a serious and capable buyer.

Tenants couldn’t be evicted in no-fault situations, with exemptions for situations such as owners moving into a unit or substantial renovations.

I've used it for legal questions in the past and just recently used it substantially with the purchase of my new home (primary residence).

This is substantially an old forum, hope Im not to late @Micheal Defancisis or @Collin Goodwin, I am looking for someone to help me set up my administration systems using podio.

I'm sure that investors and speculators comprise a substantial portion of the bidders.