Originally posted by @Paul De Luca:From everything I've read, the rule is that you need to occupy the property for a minimum of a year. 

Originally posted by @Jay Hinrichs:@Wendell De Guzman  title companies don't care if your wholesaling or assigning they just close and insure title... they don't regulate.now some states you can't do double closes you must bring your own funds in to close the title companies will not let you pass the end buyers funds through.. ergo the need for transactional funding in those states.so to equate what a title co.. does as a whole industry practice is legal they are not the law.. they just facilitate the transactions they don't render legal opinons.. just legal opinions as it relates to title issues. your a tad off base there with those comments.Sure - title companies don't regulate the business of real estate (that's the government's job) - but the biggest title company in Chicagoland has tens of millions of dollars to lose if they facilitated the closing of an illegal transaction.

I'm from Bear, Delaware and i have been placing offer after offer on a plethora of properties within the area with conventional loan pre-approval and 20% down.Let me tell you all this.There are sharks out there who are throwing hard cash on the table and and purchasing properties regardless of their condition.

I own an MFR under an LLC in CA but the LLC is a DE LLC to avoid the $700 annual LLC tax in CA.

I work in the DST space (Delaware Statutory Trust) which are passive real estate investments and we often use these to list as backups on the exchange just in case.

In the back of your head, if I were you, I'd be thinking about finishing this up in such a way that it's most cost effective to "de-ADU it" if/when needed (it can be an office or a storage shed or communal rec room, no issues there).

@Paul De Luca agreed.

In Delaware we have to give 48 hour written notice but abide by the landlord tenant code where you are. 

Quote from @Paul De Luca: Quote from @Hector Serna: Hey guys,So I recently got out of my 3rd deal in Cicero, IL (Chicago Land Area).

Quote from @Paul De Luca: Quote from @Samuel Jolicoeur: Hello all!