Our state lobbyist out of Olympia spoke for a full hour on the socialistic bills and ideas coming out of the city council in Seattle in the Capitol.They are contemplating or have already enacted rules regarding no rent raises when service calls are unresolved, must show cause to terminate a m-m agreement, rent control, 5% capital gains taxes on RE sales (in addition to the 1.7% excise tax), pre-'78 lead inspections, periodic unit inspections, etc.  

Lender funds arrived 9/12, Buyer funds arrived 9/13.  

Reality is they'll probably never sell this property as-is for 20k, but due to my involvement I know all the details to justify that cost.I'm looking for suggestions on if this deal could even happen, would anyone fund something like this in Illinois?

I'd like them gone ASAP, though, so I can repair and raise the rents, and get it turned over before winter.  

If you are leaning towards holding, maybe just wait another 9 months until we hit the summer hot market, put it out there and see what the response is.If there is no intention to move back to the area, then the funds from the sale can either take your family on a nice vacation, or be reinvested into another property.

Due to the nature of the shipping containers and the banks not willing to finance such a project we seeked  funds elsewhere.

But mostly private and hard money lenders to help fund my future projects I find.

If you have funds, I would recommend per-forclosures where you know there will be some solution taken within 120 days of the first NOD

@Victoria Creighton, My understanding is that the pro-rata rule applies to ALL IRAs with pre-tax funds, including rollover IRAs.  

I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.