Hello, can any Chicago lawyers or property managers shed more light on the new flood disclosure requirements on the RLTO?

Are you focusing more on private lending or traditional financing these days?

They will check for everything to ensure safety and habitable. i.e. doors/locks, lights, detectors, windows/screens, appliances (stove with anti-tip plate), hand rails, wiring in the unit and in the basement, lead paint (if children).....etc6.

Or the always popular, “My tenant moved out and stole my washer, dryer, water heater and light fixtures!!!” 

They cost 1.1-3M to build ground up (depending on the part of the country) and could be repositioned to another use like O'Reilly, Light manufacturing, maybe storage (depending on zoning), etc. 

I’ve been in a similar situation where traditional hard money lenders limited deal flow, so I had to get creative.One strategy that worked well for me was leveraging 0% interest business credit lines for 12 months, which allowed me to fund multiple deals at once without relying solely on a lender’s timeline.

HELOCs on investment properties can be tricky since many traditional banks don’t offer them, but some lenders, and some local credit unions might be worth checking out.

Lenders will want to know if the property is generating income and if it qualifies for a DSCR loan or traditional financing.

I have been trying to save up money but it is not near a down payment for a traditional loan.

You'll also likely have longer than tradition residential vacancies.