I researched our tax obligations and was feeling uncertain about how it all would work out.

It should also be known that it's not unusual for units in the area we're investing to use window units for cooling.  

Nothing is usual or unusual, it's all up to what you guys want to negotiate.

So this is my first time posting on here, but I try to read and listen when I get some time. I went out and got my real estate license, and got into wholesaling as well, and through real estate I found a landlord that...

No capeXrequired-very unusual underwriting.

I know this is a unusual deal but if anyone can help fill in the missing pieces or have any additional input it would be greatly appreciated. 

There is no way he could have covered all the bases without legal advice.Also, it is unusual how similar you and I are.

I was planning on pulling cash out so that i can use that cash again, however now I am uncertain if that is even possible on a property this small.I am wondering what are others thoughts on this topic?

Welcome, @Ibrahim Shaik.Unless Illinois has some unusual laws, you should be able to move title over to your LLC without issue.

For the ones with high prices, I have comments that show the reason--custom finishes, fully furnished, unusual buyer, etc.