Wholesaling is not illegal in Colorado ( I realize you are in Illinois) so long as the contract can be made assignable and the the buyer/ wholesaler has provided the proper disclosure as to their intentions in taking the property under contract.

Today some people contend it still does, and others say it is no longer the case.And remember you can do everything 100% legally with the best intentions, and that does not insulate you from a fair housing complaint.Also here is a great little article from the NAR.

Hi, i know it can be frustrating when starting out,but i don't know what your intentions are in investing,weather if you are holding and renting or fix and flip.

we already renewed the lease and one of the neighbors says did you know there was a possession with intent charge in the paper at your address. 

As with most times when you go to court, you deal with "INTENT".

I mean don't worry about the landlord that is losing money and could potentially lose their investment because of some I'll intentioned tenant....

., and for many that is motivation enough to not sell it the traditional way but you need to be very, very VERY clear with her about this and have her literally sign off on the fact that you are entering this arrangement as an investor with the intent to profit off the property by either wholesaling the contract, fixing the house and flipping it, wholetailing it (you personally buy it then immediately list it with a realtor to resell it), or keeping it for a rental... since you intend to purchase way below market value then be absolutely clear and prepared that she may be fine with it.... now, but that could very likely change in the future.Good luck!

As a Bankruptcy attorney, I would simply have intervened in the Bankruptcy suit, made it a contested matter, and litigated the intent of the attorney in declaring bankruptcy.

It might be okay if you got the loan and deed in your partners name and the intent is to actually occupy the home for a period. 

You can do it because you're replacing the windows because they're old and useless, you're not replacing them with the intent of passing a lead inspection.