A real estate agent has plans to list for $600K but the challenge is that I could use the money now.

I can't emphasize this enough: it is absolutely crucial that you hire an agent or manager who knows the area before buying a student property here.

One contractor was at the planning dept the other day who just got out of federal prison earlier this year.

@Stuart Bartle - If you are interested in Chicago and looing for some boots on the ground and building you team...I am happy to make some connections with lenders, agents, contractors, etc.Do you have a specific area of Chicago that you are looking in?

A lot of these items your agent should be able to help you out with. 

@Shuvrajit Mukherjee agents already have tools that do a lot of that like Remine or Realist.

Depending on the state, you will need a designated agent for your LLC, in that state.

It is unfortunate, you can get an attorney/collection agent if it is truly fraudulent.

Work with a lender and real estate agent familiar with Westchester to get precise numbers.

They are heavily capitalized and ready to do the work to find the right deal and work with local & reputable agents.