With the 8 multifamily units, there is 1 single family house on the lot as well that I am buying with the deal.

These two numbers diverge over time as the SEV increases with property value, but the Taxable Value is capped.

If you have an accepted contract, the only thing I would really worry about is copies of all leases.If you are still underwriting and thinking of offering, the price is going to be more dictated based on your own knowledge and idea of what you can do with the property, versus what the seller financials state. 

There are 1,085 lots for sale JUST IN the NW CapeOnly 244 sold in the last 4 monthsThat is 17.8 months of inventory!!!

The LLC address now points to someone else's home. 

Anyone flipping or investing in the Chicago burbs, we have a small bigger pockets meet up coming up next Wednesday--reach out and I can give you details...

How should I proceed if the terms will remain the same?

An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

Most here are real estate investors and typically those are not viewed as "businesses" because they have no real value as businesses outside the value of the asset(s) owned.

The FB group is great though.