Thanks Wayne,So in the covering email to a copy of the purchase agreement signed by me and the seller, I should state that title search should not commence until after the 14 day inspection periods has expired? 

Not sure about Illinois law, but I doubt a landlord would need to wait for the probate process to commence or conclude before regaining possession of their unit.

Buyer will not want to pay that so will want to get a credit from the seller before closing so that buyer cash flow is not affected.If leasing commission is being paid in primary term only it is usually all upfront at lease commencement unless a mom and pop type tenant as landlord only wanted to (pay as the tenant performed).

Loan Amount:  $45,000Annual Interest Rate: 15%Term: 5 year amortization schedule1st year only one payout, interest prepayment for that year, paid at the time of initiation of the note ($6,750).1st year investment $45,000-$6,750 = $38,250.Monthly payments commence at the beginning of the second year, continuing from month 13 to month 600, in equal installments of $1,252, until the loan is paid off at the end of month 60.No Collateral.What do you think?

He meets you to pick up his couch and lamp, you lock the door, and then commence with move-out procedures.

Now the "you can't do that" comments may commence. 

The question really relates to when the "sale" occurred and when the 1031 Exchange deadlines commence. 

Examples of places you can find them:If they pulled a permit on a house the notice of commencement may include their phone number.If they were in a lawsuit and represented themselves, most forms will include a phone number.If they were a landlord and did an eviction, the 3 day notice or complaint will usually have their phone number.There are quite a few areas the info will show up in public records.Social media is the hands down best way to locate people.

In short, you should thoroughly investigate the site before commencing investigation of the property's financial performance or potential acquisition financing options.

Specifically, we like:Clause #1:The PURCHASER’S Due Diligence timeframe will be for a period of 60 days and will commence when PURCHASER receives all requested Due Diligence from seller as outlined on the Due Diligence request form.