if you did want to claim it, it would be better to revise the closing and get it included - then you are totally legal.Just realize your actions impact the other party as well.  

Would love any advice on promising markets, as well as markets to stay away from the rest of 2024. 

This scenario seems to give the buyer what they want, and unless the land contract forbids subleasing, it works well with the existing land contract in place.If and when you exercise the option, the buyer (who will actually be the owner at that time) still prefers an installment sale for tax purposes, that can be done.

You can select "IND" in the area field on your Illinois MLS.  

Disclosure: I am their real estate agent as well and the deal is good. 

I have been renting houses out for over a decade now and this has worked well for me.

If rates DO come down in the future you can consider refinancing, but don't forget there are costs associated with that as well.

I'm interest in attached 20'-22' wide 3 bed 2 bath 1 car attached two story. that's what we build in columbus as a single family and it performs very well as a higher density suburban style in Miami 

I was just thinking about hiring a collection agency as well.

Hello BiggerPockets Community,I hope this post finds you all well.