Quick update.

So you want an attorney that regularly is in the Chicago courts and knows the CLTO and the process in and out.My best recommendation, take a day to hang out at eviction court.

They can stick any arrearages into the repayment and you'll get monthly payments on that, but moving forward they have to make the regular payments on time.The judge does not have the power to restructure your contract other than what is allowed under BK law on dismissing unsecured debt.

Floyd,Is this LLC going to be using SDIRA (Self Directed IRA) funds or just be a 'regular LLC' outside of IRA (or other retirement) funds?

When the income is derived simply from buying and selling, especially if there is value added through the process, then that typically will be viewed as conducting a trade or business, and if done on a regular or repeated basis, would have UBIT exposure.So it is not the notes, but the buy, remedy, resell model that create the exposure.

I want the regular passive incomeMulti-unit.

Two - (this is the escrow part) the HOA is in charge of regular maintenance of the exterior and "routine" painting of the exterior as it even says in their own rule book.

I would like to mention however that even though a lot of you are busting my chops about me not wanting to update my home or be safe, that that is not the case at all.

Updating link given above:https://bayarearealestateadventures.wordpress.com/...

Almost always when a buyer picks a title company other than one I regularly use I have problems.