The last time I spoke with them a couple of months ago they required $15,000 in a bank account for 2 months for approval.

@Brandon HeathTry this webpage: https://publicrecords.netronline.com/You may have to create a new account and password.

On this 4-plex, I made a full price offer with no buyers side commission payable, title insurance and closing costs buyer paid,  no appraisal contingency, and sent a copy of bank statement showing more than sufficient funds for cash puchase (account number redacted) with a 12 day closing and an inspection clause.

I'm just trying to help him figure out the best possible game plan, whether that be rolling the money into another business, investment, retirement account, etc.

You have to pay to set it, you have yearly renewal fees, and then sometimes additional costs for accounting.

How do you account for increases in property taxes (Chicago is more than likely going to increase taxes for the next few years)?

Thank you Account Closed

If you haven't looked into zoning or investing with your retirement account you should start there. 

Thank you for the great feedback thus far Account ClosedTo provide more context, I'm a federal employee and the promotion would be from GS12 to GS13, so after 1 to 2 years, I would be eligible for GS14, or at least make it easier to compete for GS13s outside of D.C.

Thanks for the input Andrew.If I were to get say, $40,000 from a family member to cover the down payment, is that going to alarm a lender, seeing a big lump sum deposited into my bank account?