This is about a nice 3-flat in Elmwood park which in a nice "basically all white" italian suburb just outside of Chicago.

Hi Everyone,

This site seems to be a very popular place. I provide real estate financing, but I'm also trying to learn and understand other aspects of the entire real estate industry. While I really enjoy working w...

Should fire or casualty damage have been caused by Tenant/Buyer’s own action or neglect, they shall not be relieved of the responsibility for payment of rent, and they shall also bear the full responsibility for repair of the damage. 32.CC&R’s: Tenant/Buyer acknowledges receipt of all pertinent rules and regulations and CC&R’s concerning this property. 33.Possession: Landlord/Seller shall endeavor to deliver possession to Tenant/Buyer by the commencement date of this Agreement. 34.Default: The occurrence of the following shall constitute a material default and Breach of Contract by Tenant/Buyer: Any failure by Tenant/Buyer to pay rent on time or perform any provisions of this lease to be performed by Tenant/Buyer where such a failure continues fifteen (15) days after written notice thereof by Landlord/Seller will constitute a material breach of this contract and forfeit the option to purchase.

It can be a bear sometimes if there is sediment built up in the bottom and clogging the drain valve.

Also I will be a first time buyer if that holds any bearing to anyone.Well that’s about it for now, a little long I know but I thought I would try to include as much I as I could.

No financial emergency.OK we have a home in the Chicago area that after having on the market for a bit, we found a solid tenent to lease the property with option to buy at $1150000.They will have gone through 18 months of on-time payments of 3950 per month plus $500 earnest accrual.Now they are looking to try to buy the house.

I have quite a few where a sub-to isn't feasible because of the payment being higher than rent (no go with negative cash flow) but I can lease it from the seller and they can bear the burden of negative cash flow (has to be reasonable so they don't experience financial distress).

I would not recommend that you market to Tenants with Lions, Tigers, and Bears.

I'm relatively new to the real estate investing arena so please bear with me.

Here's a sampling of the email I got: :roll: One person answered my question, all the others criticized or brought up things that had no bearing on the question.