If you really like the place but you feel that it is priced too high for your budget, instead of saying “it’s priced too high” and insulting the seller, simply say “I absolutely love your place; it is exactly what I want, and I’d really like to buy it.

Very simply, large corporations pay into the tax base of that local community and that revenue is used to improve the community and make it a more attractive place for people to live.

Eminent domain does not work that easily or simply. 

I simply wanted to exit two deals to begin gaining credibility in the eyes of hard money lenders.

But, yes, it sounds like simply looking at your numbers and determining whether or not you can absorb a salary is the time to consider it. 

My belief for SFR is that prices simply don't move much and grow slower than inflation.

I'm not here to debate, complain, or anything else.I simply shared my experience to help the poster, that is all.

Based on your post, it's probably best for you to simply not invest in Cook County for your own peace of mind.Sure, any tenant could stop paying rent and that risk is never zero.

What I don’t understand, and help me on this, is why someone would simply want to purchase the Mortgage/DOT without the note. 

Most of my owners use our services because we take the property off of their hands and minds and they simply collect their checks as they come in but I have some owners that prefer to be more hands on and use our services because they value my opinion, resources, and ability to get their homes occupied at top dollar.- From someone who owns and operates a MTR and LTR PM company with over 75 units and an investor myself