I'm looking for people that regularly invest in the Tax Liens in Cook County and the collar counties.  

From a cashflow perspective this looks like a dog unless those Airbnb units bring in a couple thousand on a regular basis.

Take the guy I used to work for: He got a securities based loan, paid off the balloon, pulled ALL of his cash from the bank (including his IRA) and went on his merry way.

As for the money, $5K might not be enough to pay for the closing costs let alone a down payment or even a security blanket if something in your personal life goes wrong.

The back door has had another "security" door installed in front of the original door that is solid black metal. 

Please do try to make it a regular thing, as I cannot make it on Sunday, but I would like to take part sometime.

In general they seem to generate more rent than regular rentals however they are more work. 

Also do PL AND HML secure loans on collateral, such as the property being purchased?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.