My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

Michael,Construction loan programs are fairly simple and in some cases the answer to little to no inventory.

Photos, no matter how good they are, don't often convey how the space flows etc.If it is cheap, why not!

It (2%) technically would be coming from the seller by reducing the 5% to 3% and then you get a closing cost credit for 2% at COE.

It's soul-crushing, and no one should spend the bulk of their lives dreading going to work.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

@Tyson Regier  I agree with Megan, and would add to her list Annual fees associated with each llc to keep current/registered with State.Annual Tax filings costs...

You sell after 12 months and take no depreciation expense in the first year.  

Better rates and no PPP makes them the best options (generally). 

The Meter Save program was discontinued in Chicago in 2022 and it seems there are no viable options that I qualify for (I’ve looked at the department of waters options and I don’t fit the qualifications).this feels like I’m getting ripped off each month in the bill and am really needing support here.