The house upstate would be my primary residence and i do intend to live there. 

Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

Is it worth the hassle down here?

@Heather Jensen Are you looking to build a house for investment or your primary residence? 

At the end of the day your objective is to prevent liability events from occurring and if they do, to be prepared.  

Why are you using rules of thumb and not using the results of the thorough inspection by a great inspector that you are surely using and would be an idiot not to base your numbers on? 

@David Georgeson understand that you are frustrated, upset and basically looking for a scapegoat.Unfortunately, no PMC that knows what they are doing would be responsible for this.How do you realistically expect a PMC to keep someone from breaking into your property and illegally occupying it?

Grateful for your advice/guidance on where to start/go from here.

if you have never done it, do not even think about it.

Hey everyone,I thought of this hypothetical scenario where I would do a seller-financed deal on a property valued at $250,000.