Welcome Chris, My sister and brother in law live in New Orleans and love it.

However, he would have to follow the state's landlord/tenant laws as far as any rental agreement in place.

Just thought I would point out the commodities industry as my father in law worked in it and it does tend to go belly up on a cycle (remember too that it will come back up after the bust as we all rely on that market for every day life).

Many of you know that in Washington State there is a law is that says if you want resell a property within a year at least one of the property owners has to be a licensed and bonded contractor.

This solid base includes being financially sound, repair and maintenance knowledge, and landlord/tenant law knowledge.

Welcome to BP.Depending on the lease and when it was made, the tenant has 6 months or the end of that lease so they can stay under recent fed. law.

Not to mention, soliciting the sale of an LLC falls under securities laws, an unnecessary risk in and of itself.

Any issues with laws, ordinances, or FAA requirements?

Fair housing laws state:If you or someone associated with you:Have a physical or mental disability (including hearing, mobility and visual impairments, chronic alcoholism, chronic mental illness, AIDS, AIDS Related Complex and mental retardation) that substantially limits one or more major life activitiesHave a record of such a disability orAre regarded as having such a disabilityyour landlord may not:Refuse to let you make reasonable modifications to your dwelling or common use areas, at your expense, if necessary for the disabled person to use the housing.

Being willing to ACT on those ideas.Yes the Chicago Landlord Tenant Ordinance is extremely strict on landlords.