If you're still looking for more information on this, check this out: https://www.padsplit.com/host-resources/news/how-to-refinanc...Quote from @Michele S.: Hello there, I believe is my first post so bear with me.

I urge any Chicago investor to use this "call to action" to send an opposition email to the mayor and alderman.

Also check local news papers TV for large companies moving to the area.

In particular, OO does not have vacancy or PM and typically has cheaper maintenance/cap ex than the landlord would experience.https://www.realtor.com/news/trends/its-now-officially-cheap...if you use realistic expenses, purchase at retail (off MLS) without a value add, you will have negative cash flow on virtually any purchase.  

Quote from @Bruce Woodruff: Now Joe, you know better than to do work without a Contract :-).... and nothing verbal ever...But the good news is that without a contract, he has no leg to stand on either.I'd still call an Attorney and run this past them.

I have purchased 2 properties going through a quiet title action and both times it worked great.  

I’m aware that the process of getting a conventional or a FHA loan is a bit more strenuous as a 1099 and wanted to know the best course of action I should take as I’m trying to purchase a small fixer upper multi-family investment property hopefully by 2026.

You will find many recent posts from investors who have lost all of their syndication investment, and then talk about bringing legal action against the syndicator.

This is what usually leads to threats of legal action by the tenant. 

It might be a moot point because it's not violent or aggressive from what I've seen.I've been ardently searching for relevant case law or news of enforcement (fines, etc), but so far no luck!