Welcome to BP, Lavelle.Might use the search feature as to wholesailing pre-fore-closures, it's been discussed and since the laws that apply to pre-foreclosure issues are federal laws, yes, the apply to those of us in the mid-west and then there are state laws from state to state.There are some real issues playing with folks who have been given a notice of demand/foreclosure.

That increases my desired return.8% IMO is too little to justify for strict cash flow.

This is not a rule or law.

Neither of them have any understanding of tenant law and I want them to be aware that the issues they have complaints about are unreasonable and would'nt hold up in a court of law.

Got a call from attorney friend, (she does family law), says she has clients who need to sell, guessing due to divorce.

I'm in PA and use a Standard Purchase and Sale Agreement that clearly states this contract is assignable under the laws of the State of Pennsylvania.

Also this is an FHA closing so I am not sure if that will play into this either, having strict requirements.

We are seriously considering it now, and I'm trying to get all of our ducks in a row before we jump into the deep end.I've been reading the Ohio Landlord and Tenant Laws.

That's assuming the tax laws stay the same, which of course can always change.

We are trying to get all the facts and forms correct with this process, while abiding by Illinois state laws.