. - You've got some pretty solid information above and concurrence that it shouldn't cost nearly as much as you thought, but on a separate note, I'd like to understand your situation a bit better.You are currently just looking for a Chicago property to purchase and asking the quit claim question in preparation for closing? 

As my wife says on these deals and she is always very nervous we wont really know until the deals have cycled.. but for operations so far so food communications is Excellent..

For near term investors, be prepared for sizable down payments to reach a cash flow neutral stance no matter how far out you look in the suburbs.

Hello everyone,
I am currently working through a challenging financial situation. I have high-interest debt with a 28% APR that I need to pay off before focusing on saving for a home with my current income . To addre...

If you have a regarded tax entity, e.g. partnership, S Corp, C Corp, you need complete financials -- P&L and balance sheet to adequately prepare the tax returns and answer tax related questions. 

However, it’s important to price competitively and be prepared for buyers to request concessions.

Be prepared for trial runs with several different candidates if you choose to hire a handyman to make sure they turn out to be qualified and dependable.

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

Just food for thought if you cannot find one in that direct vicinity. 

If the numbers don't work after taxes, you've got to be prepared to walk away or get creative with your offer.