Educate yourself and prepare for the worst-case scenario before the problem actually occurs.Here's a resource: https://www.kickemoutquick.com/MEMPHIS_TENNESSEE_EVICTION_PR...Read up on that, understand it, and then start taking action.

We business partner and I started at the end of 2018, began with Drive 4 Dollars looking for distressed properties with potential and we actually found an owner who was very interested in our first drive - that deal was our first ever and only ever started on October 2019...a lot of back and forth, a death and renegotiation took place over period.

At least they’ve given up selling the LLC as asset protection but I don’t think it does much better for privacy from anyone that actually cares to find out. 

i would try to get a few LOCAL, COMMERCIAL agents on the phone and ask their opinions on the going cap rate for c class multifamily in the area, and the actual vacancy rate they're seeing.

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.They are paper losses not actual losses in the bank.What will be an example of passive income that is not real estate rentals.I'm assuming that capital gain from stocks is not included and can't be used to offset real estate losses even though they are passive income?

@Phillip Vaughan you could do an actual mortgage + note.

Does anyone list particular debt limits (like, "no debt in excess of $1000 that isn't in a payment plan") as part of their screening criteria?

Foreclosure is when the sale actually occurs.

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.

You are actually quite fortunate to be considering buying a multi-unit in Chicago.