I've searched the security deposit laws for Illinois and haven't found a clear answer.  

Every state is different in their foreclosure laws and procedures. 

Hey everyone, We have agreed to buy a property in Maryland from my mother-in-law, this will also be my first deal.

the agreement must spell everything out... all responsibilities, who does what, what you're both contributing to the venture etc. make sure its in compliance with current state laws. get it notarized. get a separate bank account & EIN from the one you may already have. good solid friendship or not, business is a different world. kudos,Mary 

Don't have one I can personally recommend yet but, there are a whole slew of them listed here: http://lawyers.findlaw.com/lawyer/firm/real-estate-law/las-vegas/nevada 

Marvin has been in practice over thirty years with an expertise in complex real estate law, including the negotiation, documentation and closing of complex financing, acquisition, development, leasing and sale transactions.

And with the new tax laws benefiting real estate investors, the comparable return is even higher.

If you have never been through it before you should hire a competent  attorney, however once you learn this process it can easily be  handled by yourself assuming your property isn't held in an LLC.Although the laws are very tenant friendly, the law states that a Landlord is entitled to receive his/her rent on time and in it's entirety every month - assuming Landlord is doing their part of courseEvictions for things other than non payment can get tricky as proper notice is required and a host of other things.If you have questions please feel free to PM me.thx and good luckChris

We've worked with David Rand (Rand Law Group, LLC) two multi-family deals in Boston and we've been happy.My partner has worked with Stephanie Caponigro (CAPONIGRO LAW, LLC) with a few of her clients and she recommends her.Hope that helps. 

So, my father-in-law has experience in Commercial Leases, so he is actually backing me up.