Although I wouldn't have a clue about the local laws of Illinois, in my opinion, first of all, a "mechanic's lien" typically is filed by a vendor... for example, a garage mechanic files for an unpaid auto repair bill, or a lumberyard files for supplies delivered to a site but not paid for.

The house has major structural issue (sadly) and will require major capital to fix. on a side note. the property is involved in some sort of fraud lawsuit!

I'm trying to determine all this , I didn't mention it in my origional post, but i'm buying a property to use as a rental (got it super cheap) and it needs a complete remodel, structure is great, but everything has been stripped out, and all the walls taken down to the studs.

In other words, how can you make sure that your rents are accurate and that there is adequate supply of renters?

I had a structural engineer look at the building and bless it off(140 year old building, so he said needs to be monitored).

Obviously the numbers are exceptional...but I am talking about the structure of the deal in general.

Each person has to decide the risk/reward of how they want to structure their investments.

How are the deals structured?

Supply is up because there are many house that have gone into foreclosure being dumped on the market.

Thanks for supplying that article Mike.