The thing is, I believe there are pockets in and around this city and (other cities, I'm sure) where maybe because of a business or social service enterprise etc rents in these pockets can "defy" or thrive in spite of "stagnated incomes" that you pointed out.

And, are you seeing 5% down for subsequent owner occupant purchases?

A consent by Lessor to one assignment, subletting, concession. or license shall not be deemed to be a consent to any subsequent assignment.

@Patricia Miller,Yes , I  had the general concept , but was  not sure how to implement it, so as to remain compliant and not violate any of the rules of the IRS that would have subsequently have raised flags.I  am going in to it now with the knowledge that I am compliant and fully aware of how i can now structure my deals to grow my business unhindered.Will most certainly share my experiences as I go along others can now be encouraged to do likewise.Regards.

Subsequent notices have showed that he has also retained a attorney to fight the foreclosure.

It seems as if the current state of the real estate market here calls for a bit more creativity on the part of the enterprising investor. 

After a lot of contemplation, I've decided forming an LLC would be best for my business.My original plan was to name my LLC: Peracca Enterprises, LLC, and file a DBA for Chicago Home Buyers.

If you're constantly rolling funds into subsequent investments -- or more importantly, holding rentals -- where does the liquidity come from?

If you are now in the very low income rental business but may change to rehabbing and selling high priced property, "Flop House Enterprises" probably is not a good name choice.Personally, I always name my businesses something generic.

There is no funding fee on subsequent loans as long as she has that status.