Unless your attic spot is inherently dangerous with known asbestos or about to fall through. 

Old Irving Park and Portage Park have been seeing explosive growth lately. 

You will need to learn the local answers to your questions about this potentially dangerous area.With my last purchase on the courthouse steps my attorney told me someone could've filed a lien on the property AN HOUR before it closed and I would've been left holding that bag.In another example, around here a tax sale wipes out all previous liens EXCEPT for the IRS which has 6 months to show up and surprise you.Point being it's more or less different with each locality, and each entity doing the selling.YOU must become the expert in this area, just like you previously became an expert as a LL.Find a local attorney who specializes in RE, pay him his hourly fee and sit down to learn the ins and outs of your new chosen niche.

that sounds dangerous..it's good that they pay the landlord for their portion, but you basicaly divide it by 4 tenants correct?

Nothing else under $251k but undevelopable land.TIC, for those unaware, is Tennancy In Common, which is more or less a dangerous way to put multiple unrelated parties on one mortgage.

The house went from something dangerous and ugly to the nicest house on the block hands down.

Coverage: Fire, Hurricane, Tornado, Wind, Earthquake, Vandalism, Vermin, Lightning, smoke, hail, building collapse, Explosion, Leaking water, burglary.3.

If you are going it alone without the knowledge that is very dangerous.

The danger is that once someone files a lawsuit against you it will be too late, since you cannot restructure a business/company after a lawsuit has been filed against you.

If you're buying a property through escrow, there's little danger that you'd be buying an underwater property.