In Illinois IDHA offers two assistance programs for first time buyers in the amounts of 5,000 and 7,500.

If they're not willing to give any kind of advice they'll probably be able to point you in a direction of some type of legal assistance for really cheap.

Are there any other rental assistance programs out there besides Section 8?

I cannot hold a real estate license due to a future full-time job, so I was wondering if I can assist in his duties and share a fee with him.

The people who buy here are buying for experiences and memories, not so much investment return.From speaking with other financial entities and members of the community, we are looking for partners to assist in offering loans of some sort, such as:1) Direct loan to buyer of house (less a down payment), and then payment arrangement between loaner and the buyer2) Loan to the cooperative as an entity who then administers the loan between buyer and cooperative, with payments paid back to financial organization from cooperative3) Loan to buyer with cooperative as co-signer, therefore making the cooperative the ultimate responsibility in the event of default4) Create a member-funded reserve fund or actively managed account which will then be used for giving out loans to new members at an interest rate.

In this case, the credit report would reflect this account as being "closed"?

I know someone here on BP can be of some assistance!

I'd suggest also looking into any down payment assistance programs provided through your local community/city.

If I can be of any assistance, just let me know.

Is the tenant getting any assistance for rent?