The tenant never knew this was the case, but it was clearly an instruction to me that alternative actions would be required should the tenant(s) begin to display problematic behavior.On more than one occasion those particular subtenants asked "what happens if I just walk away" and my response was always "remember, you signed a personal guarantee" never adding anything more and then changing the subject.Thankfully, I never had to engage a significant default with those that evolved into problem tenants (other than really late rents) and was able to resolve any issues through continuous communication with the tenant.

Not an association problem per se, but it effectively holds up any progress.Call and talk to the manager (please tell me they have professional management?!?).  

But I have no idea if making this change will actually effect anything or not.

My guess is that long term negative rates will not have a huge effect on residential OO real estate.

I like the back-out clause (10% of the expected price, or something to that effect)@Sean Cole- I thought the premise of that show was that Chip/Jo were basically a one stop shop for their clients, from purchase to sell and everything in between.

Hoping bigger pockets will give me more understanding of how to make the more effective decisions in the market.

I know some highly educated people that are just poor at communicating with every day folks and I think their RE business will suffer because of this.I really like the Villa Park and Lombard market and think you'll do just fine staying in those areas.Good luck to ya!

I do have an agent that I recommend for her high level of energy and good communications skills, let me know if you would like her contact information.

@Terry Koepp You'll want to look into and understand UBIT (unrealted Business Income Tax) and how it will effect your investment.  

IE basically the turn key markets I would also want a deposit that I could draw on for maintenance calls. and that the owner would need to replenish.. what happens is you have a sewer leak.. tenant is in a world of hurt.. owner is gone on vacation and won't communicate.. bill is 1k.. no money to pay for it.. so PM not wanting to lose a renter and doing the best they can fronts the 1k..