Consolidated corporate entity with standard departments, balance sheet, etc.While each syndicators motives are different, I would say the first reason is most syndications simply don't have the tenure to even begin to look at institutional investors.

Your departing residents have paid for the right to use the unit (per your lease) until 7/31.

@Joe Edwards-Hoff  You can get a farm loan from the US Department of Agriculture.

Instead, we sought and received a variance from the building department that allowed us to remain within the International Residential Code as opposed to the International Building Code.

At the same time you can go to the local building departments and find the plans for the projects and get the GC info from that as well as the architect.

I have a few connects in that department as well.

But 2-4 units is Chicago is extremely complex with 100+ year old buildings, Chicago zoning, department of buildings with violations and inspections, plus the RLTO. 

As the department of buildings has very strict codes of use.

This raised the valuation of the asset tremendously.On the second occasion, about 2 months ago, a tenant complained a few weeks after the fire department soaked the unit to put out a fire.

Then if you have someone wanting to buy it - how many months/years are they going to need from their end to make sure it meets their needs because they’ll probably have many departments this purchase needs to be approved through.