Inquire into why it is assignable, for instance: to whom it is assigned and why, and how much the new buyer is paying the original buyer - AKA – an assignment fee.

For instance if they're younger I'd recommend some places in the Logan Square neighborhood which is where the hip and artistic crowd lives.

So a little bit of background - I have EXTENSIVE experience with Yardi as a property management program for my 9-5 job in apartment management.

If you use the forum search function, there's a bunch of posts worth reading with pretty extensive discussion on this exact question.The main options usually mentioned are Lead Propeller, Investor Carrot, or rolling your own.

What I'm interested in are strategies that can limit your liability in the first instance.

The term is up, I contacted the other person but she needs an extension.

I agree Steve, I actually have to wait to cross Eastmont now since the north end extension went in a few years ago. 

For instance, you wrote that you are buying a commercial building which is a Chinese restaurant. 

For instance, it would be nice to have a "folder" or "group" of contractors in my area. 

With tenant time extensions through the court he is looking at losing minimum 4 months rent, probably 6 or more, by the time this is all over.