Contingencies should include: inspections over a specific number of days (note the plural on inspection so that if you want to walk the property with contractors in addition to an inspector, you can do so.Financing - not just the ability to acquire it but the get an interest rate that is acceptable to you - which is normally defined as the prevailing rate for a defined mortgage (fixed, ARM).4 point/Insurance - note that an acceptable 4-Point is required for the engagement of insurance; should you not be able to get insurance on the open market, you can cancel with your escrow returned.Vacant Possession - require the property be free from trash/personal items/tenants - and/or any commitment to rent the property - on the day of closing to be verified by a final walk of the property by Buyer.There's more but these are the ones that I recommend every contract should contain. 

This would be a temporary project-based engagement. 

That could be a great way to find and stay engaged with local investors, realtors and opportunities, as well as folks pursuing out-of-state buy and hold rentals. http://www.biggerpockets.com/alertsYou can also search for other investors or brokers in your market and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersBest of luck to you and look forward to following your success on BP!

This includes the creation of a nuisance by the tenant where his or her conduct constitutes a danger to the health and safety of others or who engages in criminal activity on the premises”

If you're looking to hire one you'll want to post this in the marketplace as BP forums rules prohibit advertising in the forums so none of the agent members are going to be able to engage with you on working together here.

Perhaps Illinois laws are different with respect to negligence, or perhaps you are engaging in activities that protect you in your individual case, but I would recommend that anyone who is thinking about engaging in any business activities should seek out their own, personal attorney to discuss the types of business structures one should use based on the unique business arrangements they have planned. 

The lawyer engaged should understand your specific real estate investment endeavor... including who among the potential future members will bring true value to the relationship (and in what quantity), what may go wrong, and how to unwind it all.

Suburban America, small town America, the boonies, are different.So compared to other urban areas run by people who engage in helping-the-poor theatre, not really checking if their policies and efforts are actually effective, Baltimore is normal.

Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categoriesREI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

., Buyer further acknowledges that Buyer has the right to engage a certified hygienist or industrial hygienist to test whether the Property has ever been used as a methamphetamine laboratory.