@Joshua Price - while bait stations may have some merit, as Account Closed mentioned is no substitute for a professional inspection and treatment in my opinion.  

Does that give my case anymore merit?

The 20% could come from a SDIRA (as long as you dont self deal), or maybe even a JV with someone, but one should vet the merits first.

I am here to say there is room for all to be valued and respected and feel that a forum should embrace those willing to stand up for their positions and inquisitions if they hold some form of merit instead of always trying to find fault with their language.

My guess is that this attorney wants to lead tenants to believe that they have potential cases against Chicago landlords (which actually, most do because no one is reading the RLTO carefully) so that they will call him and he can file cases on their behalf whether there is merit there or not.

The reality is that true education has value and merit regardless of the source.

Ease of exit, possibility of appreciation, generally longer tenancies and superior tenants, etc.Really, you should evaluate every prospective deal on its own merits, and not worry about whether it is "good enough" relative to other hypothetical deals that are not in front of you.  

Usually you're going to max out at 65% of the purchase price, but you'll qualify on the merits of the property itself.

The skilled landlord learns how to read through gradations of bad credit and establish which cases have merit and which are truly awful.

I will let you know if I find anything of merit.