RI requires sign-off by one party and you can have a valid lease.Never had that come up though and not sure how it would play out in court.

Those income limits were enacted because cook county was declared a designated disaster area back in 2013 by FEMA.

We double check the court records for pending evictions or court cases. if they get approved we send them the elease have them sign it and have them pay the security and first and last through the online portal that we set up.

Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A "Banana Republic"The state is buried debt, and hasn’t passed a budget in over 700 days. 100% of their monthly revenue is being consumed by court ordered payments, and the Illinois Department of Transportation has revealed that they may not be able to pay contractors (who are working on over 700 infrastructure projects) after July 1st if the state doesn’t pass a budget.

I think it's going to be tough to do unless one of the kids has a power of attorney or is a court appointed guardian as otherwise they wouldn't have legal standing to do anything with the house such as leasing it or a less option. 

This will do two things. 1) It will cost them $170 for being an a-hole. 2) It will give you an order to pay, which after your eviction you can take to small claims court to get ALL of the money that you are owed.

Stands up a lot better in case we need to go to court

I think you would have a real fight with the judge if it had to go to court

So if your contractor partner isn't happy and you fire him, and he files a lien you better have back up to validate all materials and labor costs / agreement or your gonna spend $$ in court later, and won't be able to sell the house until all the liens are paid. 

In these cases, the specific sector was over-inflated and collapsed as faulty - maybe even fraudulent financial vehicles and/or practices were introduced to suck even more money out of the sector as it heated up.Just because the dot com sector eventually swallowed reality and fixed its fundamentals on value products/services, the energy sector resolved in the courts, and the housing sector flushed out its overly speculative practices (many of which were really bank-driven, primarily as loans issued to folks who had no business buying housing - and toxic mortgage packages created with weird names and no vehicle history to attract investments thus made with no due diligence and no 3rd party oversight - which took unprecedented government intervention and bailout across many sectors to fix), doesn't mean that the next sector downturn trigger doesn't lurk out there.What some call creativity or innovation is really just greed masked in packages so new and weird that due diligence is nearly impossible.