On the same property, there is a brick 4 unit and 2 separate duplexes for 8 units total included in the deal.Below is the P&L the realtor just sent me, along with the rent roll.To me, right off the bat it seems like they are really low balling the expense side of things (not taking out for vacancy (though they claim vacancy is never more than 1 month, so should we remove 8%?) 

Sams Custom Coating He does great work, and he's not expensive.  

The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.

Best to read up on evictions and small claims court and then decide if you really want to risk going through those processes on the grounds that you think this is a long term renter.

Try Crowley Custom Finishes, Ask for Brian.

He claims that he was told the EM is not refundable, if that is the case and it is in the contract that way then there is no option to getting the EM back.

They pass away, kids claim we have no rights to the property3.  

So weighing the tax breaks of longer holds against the risks and opportunity costs, I believe Bruce's strategy makes less sense for me personally in my situation and my market, but works very well for him.This is what I love about RE, it is so nuanced and location specific that a guy like Bruce can do it 1 way, and be completely right for his situation and market, and another guy like me can do the opposite and also be right (I believe) for my situation and market ... different markets, different conditions, different strategies ... this may be confusing to newbies, but I think the value for others is not in the strategy to copy, but in understanding the thought process and rationale behind it ... then they can apply a similar thought process to their market and situation to custom fit a strategy for themselves.

Something else that has amazed me is all the custom building and home renovations from Highland to 240 through the White Station / Walnut Grove corridor.  

I am also in the process of gaining a listing from a custom home builder that I called from zillow.