Realtor's operate under a stringent set of licensing and ethics requirements - doing what you describe would be grounds for having their real estate license revoked.3) No - you need an "or assigns" clause in the original contract, so this is something you would want to do in advance, not afterwards.

In the scenario you describe, you would be paying income tax on the rental income, assuming it is positive.

I let the tenant describe damage and we take pictures of anything noted.

It's a great combination of networking to meet all of the ppl you described, education (talking about Opportunity Zone investing tomorrow) and there are a ton of vendors, including lenders.

I've heard it described this way: if you want to keep hot air inside a balloon what would you do first, wrap it in fluffy stuff or tie off the end?

Everything you just described is pretty normal for Chicago.

I think it's perfectly reasonable to lease an apt sight-unseen in the situation as described.

He properly gave us a copy of his orders and wrote a separate letter describing why he is leaving by March 20th. 

You are describing a leaky basement which you can fix with an interior french drain for about $5,000 or exterior waterproofing ($6,500-$30,000) depending on how much digging has to be done.Plumbing....without knowing what exactly that means, I'll estimate it at $3,500.flooring...again, not knowing what you mean by that, I'll estimate $5,000.House repainted....interior and exterior?

How would you describe this alternative transaction listing?