Every current owner cooks their books- properties are never performing like their proforma says they do.

Originally posted by Curtis Cook: So im effectivly using cash to buy a property at say 65,000 and its worth 100,000.

We're in communication w/ one lender but the property can't be in Cook County.  

@craig WilcoxI am thinking of targeting the Lake, Cook and Dupage.

Hi Alin, A few of my peers have had to deal with Cook County after foreclosing and as I understand, it was a very frustrating and drawn-out process due to their regs and bureaucracy.

I filed for the eviction back on Feb. 25 I am currently waiting (about 3 weeks, maybe sooner) for the Cook County Sheriff to come and put them out.

Looking at an opportunity in Cook County area of Bartlett.

I also suggest stopping short of building a full kitchen but rather put in a kitchenette with a counter top convection oven and a 1 or 2 burner cook top.  

I live in Illinois in the Chicago northwest suburbs in Mchenry County. and i see that there's definitely a demand for rentals here, taxes are however VERY HIGH, i spoke to an attorney who told me in Illinois that only place to stayt away from is COOK COUNTY (CROOK COUNTY) because evictions can take up to 8 months+, however in Mchenry, lake county etc up to 2 months at most.On the other hand I have been looking and reading other people's experiences in Indiana and it really seems like a mix of answers, from what i personally saw it seems to be harder to get homes rented in Indiana than in Illinois, due to the amount of supply of rental units since there are LOT of inverstors, and alot more crime than Illinois, now i dont know how true this is.

You can verify this on the Cook County website.Utilities- I'm assuming tenants pay their own.