Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN,  your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.

I talked to Padsplit and they manage SFHs renting each room to different tenants - the total rent is more than renting it out to one household.

It also results in a nicer product, attracting better tenants. 

I decided to end the tenancy of one of the tenants. 

- It will NOT be a once-a-tenant event.

I wanted a place in a A class neighborhood in Chicago with good tenants How did you find this deal and how did you negotiate it?

If the income requirements are met, credit looks good, and employment history ( at least 6 months +) at the same job, move forward with the applicant and request additional deposit.That's an old eviction IMO.I have a current tenant that I leased to with low 500 credit.

In our area, its fairly "normal" for showings to happen after accepted offer to minimize disruption to tenants. 

Seller should record their lien against the property, you both should have an attorney review to make sure all interests are property documented and protected, and i think everyone is in a good place. as far as evicting tenants... this is up to what you and the seller can negotiate. i would still be putting on the same contingencies - appraisal, inspection... know what you're buying. don't get blinded by the seller-finance piece. 

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