Also if you have a bread butter house most likely you will have dishwasher so will help collect the debris coming from the dishwasher.

You’ll take on the responsibility of being a landlord in exchange for cash flow and the owner of the property who agreed on seller finance gets a nice return on their money by doing nothing but collecting their money plus interest.

But especially the husband has had some financial issues over the years (collection agencies, etc.).

-Late fees from the city for late payment for utilities (PM collects and pays the actual bill)-Several evictions from tenants they placed.

As with this type of tenants it is almost impossible to collect the debt.

I really like the thought of it being paid off and collecting $1500 a month. 

Some of the cash can be used to rehab the property, use Rentometer to find a good strategic price point for renting, and collect cash flow. 

Feel free to message me and I can frwd all the 2021 docs to keep compliant.Make sure you collect a security deposit (normally I would not recommend security deposits in chicago) as the roommates tend to just move out with no notice otherwise, even in the class A areas.

Because the new tenant told me he wouldn't financially qualify by himself (only collects a little bit of disability) and the original tenant didn't want the rent to go up, the original tenant sent me an email putting in his 60-day notice to vacate the premises. 

To be on solid footing if there were ever an issue to arise, you really have two options 1) collect rent and then since you are eliminating their use of the unit put them up somewhere 2) provide a credit or reduced rent for the days the unit is taken out of service.