When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

Yes, when there are multiple adult occupants, you would typically combine their gross incomes to determine if they meet the income criteria.

My belief for SFR is that prices simply don't move much and grow slower than inflation.

The loan to value that you can go up to will mainly be determined by your age.

Example, buying a vacant lot from a neighbor and simply explaining that someone else will be on the contract in a few days is not easy.

Based on your post, it's probably best for you to simply not invest in Cook County for your own peace of mind.Sure, any tenant could stop paying rent and that risk is never zero.

I'm not here to debate, complain, or anything else.I simply shared my experience to help the poster, that is all.

What I don’t understand, and help me on this, is why someone would simply want to purchase the Mortgage/DOT without the note. 

We often use zoom showings, but they build on that mutual in-person experience.We don't encourage bottom-of-the-barrel neighborhoods, simply because with 60-120 year old properties capex tends to exceeed cash flow over time aka money pit.