@Brandon Sturgill you are correct this is considered a condo with a master policy as well.

YOu are correct.

@Christopher M.Thanks for your reply, it's much appreciated my fellow Chicagoan :)I will respond in order of your points...with regard to the purchase price, yes, I understand the 70% rule, and the purchase price of $43k was based on the exact math you described. 

What what fantastic replies.

@Matt Shields in the long run I’m not overly concerned as this corporate entities have huge overheads and as margins get smaller and smaller they will have a tough time sustaining themselves.Small operators who work from home or small “mom and pop” offices will do better as they will be able to live from previous profits as long as they don’t squander the proceeds.If we have even a minor correction in the market, the large corporations could be left sitting on a lot of negative value inventory that will need to be liquidated In order to cover overhead and can only benefit the smaller entities with cash to scoop them up.My 2 cents for what it’s worth.

All else being equal, the comments above are correct.

@Steven Hamilton II, thank you Sir for the correction.

Feel free to reach out and reply or connect with me and shoot me a message, I'd love to talk!

I am going to start getting things in writing to have something listing a move out date, etc,, but would like to work with an attorney to ensure that I am doing things correctly.

Thank you for your quick reply.