Of course the DOF blamed the owner for not notifying the agency,  Despite an apparent city inspection that was conducted. 

Thanks, I found this onlinehttp://sandygadow.com/state-by-state-closing-guide...ILLINOISTitle companies, lenders, and attorneys may conduct closings, but only attorneys may prepare documents.

Those brokers know the multifamily market intimately, have teams that prospect daily for years with property owners, understand the lending products, know which lenders and commercial mortgage brokers to use, know which multifamily property managers to use or not use, know which asset protection attorneys to use, know who to use and how to conduct physical inspections on an apartment complex, understand deal analysis closely...the list goes on.  

The structure itself looks sound at first glance, I have not conducted a 3rd party building inspection yet but is in store for the near future if the offer pans out.  

Also speak to the banks involved in those deals.One last and often overlooked but super important step is to conduct criminal background check as well as run the credit report. 

@Al Casino Speaking from my experience in only Commercial Brokerage, most business is naturally conducted during business hours.  

That way, you'll have the daytime to conduct research at courthouse (if required) and work your system for generating leads and following up. 

To join the Board and MLS, you usually will be required to be active under a broker or be in an active status under a broker as you can't conduct business as an agent without agency status. :)

If you conduct market researches now they may not be relevant by 2019.

I'm looking to establish a relationship with a bank by opening an account and conducting all RE related business out of it.