there were 3 alternatives for longer terms for less of an increase in rent.

BUT they can hook it up to a truck and put it on the street if you have been evicted . 

Could potentially Airbnb room(s)Way more fun of an area Cons: Much higher expense obligations & losing money to PMI Biggest limiting factor for roommates is parking (also we all drive trucks :P) I have flip-flopped between these two strategies for a little while, and since I’m getting close to crunch time to make a decision, I’m wondering what the community thinks!

I don't know (recall) if they are in local ordinances but I do recall vaguely seeing some legal / ordinance type of material detailing when it can and cannot be done, regarding building in a way that directs water towards a neigbors property.I don't know Chicago that well, but as a homeowner I would try calling your local building and permit center and see if one of the local inspectors can direct you to the code section to read.I'd do that before anything else because knowledge of those ordinances will arm you / prepare you best to approach the other parties.With regards to the possibility of 'dealing' with the water, I'd be thinking about ways to do that, too - in the event that the above / negotiating an alternative solution is not fruitful. 

The alternative is that interest rates do finally begin to rise, which puts pressure on all of the companies that are overleveraged.

What are my options or alternatives?

I agree there is only a subset of estates where this might work; it will not where the heirs are unwilling to wait, if there is significant debt, etc.I am not interested in deals where I have to acquire the property outright; I am trying to come up with an alternative method.

My experian credit is Fair but still slight below 600 ( won't apply till i'm atleast 620 for less interest etc) however it's full of thousands of debt repayments to bills that had been/or still in the process of being paid off (intentionally to raise credit) I'm also aware that Lenders (apparently) are more concerned with DTI, which in my case is a good thing as I make pretty good Doe as a Truck Driver (but my employment record is anything but stable which could hurt approvals, however to be fair Trucking Companies are not typical jobs, jumping company 2 company is very common in this industry) The multiplexes i'm looking at is a 3-4 units but they seem to range around  low200-400k, so i need an ideal amount of money I need to save just for the remaining amount the loan won't cover.

Problem numero uno is that too many people are going to college just because they think the diploma is the value and they don't have a particular desire for a path of learning to grow.Problem B is that too many people go into debt to get a college degree when other alternatives are present. 

Sethi believes the following:After inflation, the average return on owning a US residence is zero (Robert Shiller stats)Most people don't factor in the true cost of owning a home (interest, taxes, insurance, maintenance, cap ex, sales commissions)There is a lot of work involved in sourcing and managing rentals (vs alternatives)The masses will not have the perseverance to properly purchase RE investmentsIndex fund investing is easy and provenHe is right on many fronts and is speaking to the masses.