Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase? 

If you are going to offer cash for keys, put it in writing with specific expectations, and include a penalty if she fails.

@Guillermo Perezare you going to offer all cash or seller finance? 

This ability to offer a full-service experience not only sets us apart but also keeps revenue flowing, even when the market shifts.4.

I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.

I was going to offer $200K or $190K.

I will also have my agent there with me to offer comps to aid in their appraisal if they are receptive to it. 

If you want help structuring a scope of work or exploring different financing options, feel free to reach out—happy to offer insights!

I think this may be a built in functionality of the Turno app, but I don't use Turno and my cleaners don't seem to offer that as part of their standard process.

Be sure to fill out your profile as many of us use it to try to offer better assistance.Happy Holidays!