On the other hand, if you show a willingness to help improve a block or an area, the city can also be a very good friend, too!

Well, a standard sale contract is a good start, most will have a block to check in the financing section or you can add, "taken Subject To Existing Financing".What scares me a bit is your knowledge of this strategy and you selecting it as the way to go.

You could block off only the days you plan to be back in chicago, and literally manage the building with your phone.

You can find the MeetUp and Facebook info in my signature block.

It's listed at 200k, the comps in the immediate area anywhere from 290-325. 5 blocks south and you start getting into 400k territory. 

I'm sure the small specialty shops, the title company, the brokers can iron out most things in houses and small multi family, some 12 unit block. 

Buy the pump, get a 55 gallon plastic drum, cut it in half, drill a bunch of holes in it (big holes), dig a big hole in the ground in the crawl space about 6 inches deeper than the half barrel, pour 6 inches of gravel in the bottom, put the barrel in, pour gravel around the sides, set a solid concrete block in the bottom, set the pump on top of it, run your hose downhill of the house, plug in the pump and test it out (use a hose to fill the barrel).

But I was right off of the lakes and I had to park blocks away.

Church Hill for example has some very rich houses but one or two blocks over and you may not want to live there.

So as I stated in earlier posts Im looking to secure my retirement by purchasing enough rental properties to allow me to live of the cash flow once they are paid off (any positive cash flow in the meantime would be re-invested)So browsing this morning I came across a property one block over from my house for sale.