Another issue is zoning as a special use permit may be required, having special needs or more than 3 unrelated tenants is sometimes an issue.You may also be subject to inspections and ADA requirements, hard surface floors wider doors, etc. it's no walk in the park.After you get the permits and modify the place, you will get higher than market rents (due to mods) but you're also pretty well locked in to renting to that NP/agency, can't really take them to the cleaners as they can move on leaving you with a harder to rent dwelling too.Insurance will be more and you better keep the place up in tip top shape.

Ask your Realtor if there is any time requirement for a standard sale contract with these provisions, if not, this will be cleaner and I doubt you'd have any issue with the due on sale clause under these circumstances with a sale contract.

I don't allow tenants to use bowl cleaner that is in the tank, it breaks down rubber which leads to the leak.

The developers attorney will likely take you to the cleaners if you let them draft everything.Hope it helps.No legal advice.

Dont let the guy over inflate it and take you to the cleaners.

It isn't "State" specific question Dan Buck, it is County by County if it is Landlord or Tenant Friendly.I commend him for rolling the dice and realizing that the Chicago Market is a solid cashflow market, but I have also seen people get taken to the cleaners because they were done in by "Professional Tenants".

But if the value is there for you to re-sell with no or minimal rehab, it can sometimes be cleaner to agree to buy it for the loan value and assign or double close on your contract.

I need to clean a duplex and it isn't too bad but starting to look dirty.I am hoping there is a easy way to just use a cleaner and the pressure washer so I don't have to scrub it all down.I was thinking about trying the house siding version of Krud Kutter or Simple Green if anyone has advice there.

Having a partner warrant title is the best way to go.I'd also say that this technique, while cleaner and less expensive than a double closing, it will require cooperation of the partner buyer and that may cause difficulty for many investors.

It makes the home look newer, cleaner and I have had great success getting full price quickly.