I spend one to three hours Monday doing something RE related.

I am curious if there are laws relating to this matter.

Related questions: What are the alternatives and what would it take to get to those alternatives?

I recently rented out my house and moved back with a relative out of state.

I recently found a great investment REO multi family unit building that is in relatively good condition (from the outside at least) and although it is an REO, there are tenants still in the building.

It's been relatively flat out here in SoCal.

shortly there after, i hired a property manager, built a relation ship with a set quality contractors and found ways to automate the business.

You want to easily evict your tenant buyer if they stop paying, but you want the deal with your seller tighter.You would, hopefully, collect a relatively large option fee from your t/b and give a small one to the seller.

For 2011's tax purposes, the rehab and its related expenses (rehab costs, taxes, insurance, electric bills, etc.) will be counted toward that home and as "inventory."

I'm trying to find out if someone related to me has ever owned property in Illinois, specifically, the Chicago area.