At this point, I'm just looking for a small assignment fee so I can close my first deal and move on to the next one.I did make the newbie error of getting the deal under contract before finding a cash buyer list, so perhaps that was my big mistake. 

Here is an update : https://chicagorealtor.com/advocacy/advocacy-resources/northwest-housing-preservation-ordinance-issue-summary/The DOH has posted the forms required to be in compliance with the ordinance which means any properties not under contract by 11/9 will need to be pulled off the market and 30-60 days notice must be provided before listing.  

I'm so over paying $200 in cleaning fees in suburbia America to have a list of check out instructions.

If I do go the FHA route and live in the property, would I be able to cash out refinance the property after the “seasoning” period and pull out my equity after the rehab and tenants are in place?

I would build in a mgmt fee even if you manage, banks will want to see that.

I pulled some past deeds and it looks like a substitution of trustee and full reconveyance can be drafted by title.

I'll preface by saying I'm not a tax expert, but just went through a cost segregation as a REPS and this was my view.The benefit from pulling out these items coupled with the bonus depreciation far outweighs any incrementally higher taxes in later years, by quite a large margin. 

That guy suddenly owes $250k in taxes plus penalties and fees. 

No fees, listing fees, etc.

You have not pulled together a financial plan.3.