Hell, in normal times in Kane and Dupage Co it could be 2-6 months since the tenant can come and ask for a continuance to get a lawyer and further delay it at least twice then depending on the next available court date it could be another 45-60 days for that case to come back up in front of the Judge, be glad its not Cook Co it would even be worse because of the sheer size.With all that being said, back to your question - there is no quick and easy way, as much as it sucks that he is now 20 days late in the rent count you blessings that it has not been a year plus that you've had to pay for him to live there, which in many cases has been the circumstances.

If you're financing the deal, you'll also want to add financing costs (loan origination fees etc). into your expenses.This would put me at a purchase price of ~$129k to be able to gross a $25k profit. $125k to be extra sure with financing costs.Hope this helps a bit!

Sometime I get paid in boudin or alligator meat. 

However, one piece of advice I have done is look at the census online for each city in lake and cook county and see where property values have gone up and also population as well.

You can Facebook me at Dylan Miracle

Make sure to establish ground rules, such as number of nights per week, if the person can do laundry, cook, shower, etc, prior to signing a lease.

Hard money seems a little risky for me, at my current experience level, but no doubt down the line it is a great option!

If there is any "meat on the bones" the wholesalers will do the job themselves and keep the deal!

I did bug me at first as I hate skirting rules.

I would do this because i have a connection to some private equity that would loan me at 2%.