After looking at the appraisal I realized that the appraiser used three comps that were over a mile away They weren't even in the same zip code.

If you buy you need to look for code violations, back property taxes owed, water liens, EPA issues with the land.

I'll assume you have a mortgage, you mentioned your 7k equity so I assume your note is about 53K.You're screwed again since you drafted the agreement so you'll be responsible for proposing the deal, selling the deal, drafting the agreements improperly, and doing the deal in violation with law.I have no idea how you closed this or even if you did close it, as a title company or an attorney probably would not have done this.Now, you're in violation of IRS tax code for failing to file the transaction on an installment sale.

He was riding the appreciation wave all the way to the top.Here's a post that caught my eye: https://www.biggerpockets.com/forums/48/topics/9594-life-altering-financial-desicions-to-make-Michael Rossi seemed to know exactly what was coming with the 2008 recession based on his response.2 guys on total opposite ends of the risk/reward spectrum, with tons of value shared through their posts...

Originally posted by Steve Babiak: You also want to be certain that there are no screws being used to hold together the connections of sections of duct on a dryer, since those screws become points of lint accumulation when their tips get inside the duct.This is code in many areas.

I'm no where near the Maryland area but try the networking to find people in your immediate zip code.

I found 27 investors in my zip code !

for building codes I believe minimum room size is 70 square feet with no horizontal dimension less than 7 ft so these rooms should be fine

While the basic constructs of investing are the same, the key rule is still Location Location LocationSo educating yourself on the locations within Chicagoland will be key, as well as the codes, requirements, etc.

All dictated by city code.