On a side note, we have been pre-approved over the amount of price ranges we have been targeting.We came across a beautiful 4 unit/8bdrm townhouse (built in 2016) in a desirable part of town.

I'm looking to purchase a commercial multifamily property on the south side of Chicago, buying cash for $100k with a HELOC.

So for example I'm not going to buy my own shingles, gutters, siding, or drywall.

@Matt due to their hardship and compassion on my side they have legitimate reason when they paid me installment last 2 months but they do eventually pay the whole thing .

Or who has been on the other side of the transaction representing buyers of fixers?

I have partnered with my uncle (who showed me on to BP), and we are just trying to find the best way to find deals in a hot market.

When you are the sole agent in a transaction, you end up doing work for both sides because there are so many details that have to happen to get to closing.  

Also, the less work left to be done would be better for both sides.

One side is a 3 BD, 2BH rented for $700 and the other side is a 2BD, 1 BT rented for $600. 

My attorney said the reason for that was that the seller then could try to raise the price to cover the lien, and sell to another buyer, in the hot market.