Remember you don't have to own a property to control it.Good Luck

There are no rent controls.

Remember you don't have to own a property to control it.Good LuckPaul

On top of what Scott mentioned, I understand that the control on landlording operations is more stringent in Urbana.

You protect yourself by saying that the deal is contingent on an inspection or approval of partner.Then you have control.

Im in a high tax bracket regarding income tax ($150K+), I dont want all profits to come directly to me as income tax, I want to control the timing of when I withdraw profits from the corp.

Documents need to be under the concept of dual control or limited access in verifying aspects, you keep the borrower out of the physical control of documents to eliminate or reduce fraud or misinformation. :)

Remember you don't have to own a property to control it.Good LuckPaul

Remember you don't have to own a property to control it.Good LuckPaul

It shall be non-refundable upon execution and assignment (if applicable) of this contract, and will be deducted from the purchase price.(17)INCLUDED IN THE PURCHASE:The property shall also include all land, together with all improvements thereon, all appurtenance rights, privileges, easements, buildings, fixtures, heating, electrical, plumbing and air conditioning fixtures and facilities, window shades, Venetian blinds, awnings, curtain rods, screens, storm windows and doors, affixed mirrors, wall to wall carpeting, stair carpeting, built in kitchen appliances, bathroom fixtures, radio and television aerials, landscaping and shrubbery, water softeners, garage door openers, and operating devices, and all utility or storage buildings or sheds.