From research I did some time back, I believe that in Michigan it is normal practice for PM to also charge when they sign / resign a tenant.

I am looking for creative financing options for low (or no) money down.Are there specific Illinois regulations that differ from other states?

I am looking for creative financing options for low (or no) money down.Are there specific Illinois regulations that differ from other states?

I love your practical approach to getting it done.  

Unless you're Licensed to broker RE, or are already named on the property TITLE, don't use Contracts that allow you to assign to someone else before closing, because the Ohio RE Regulators have dissallowed that practice in Ohio for everyone else.

We're new to Texas and not sure if the same lending practices hold true for all states? 

It's bad faith and bad practice.

I have several lines of credit and have not heard or either practice, but it does not surprise me.

Is this practice more common, even for investors, in the Atlanta area?

@Xeniya McBroom, as a matter of practice, and as minimum, I ask for:- Property address- Acquisition price- Scope of work you think is needed- Rehab budget you have used to calculate the deal- Your expected ARV and comps to support that figureI've seen some ridiculous rehab budgets, comps that aren't comps, etc.