He'd have to move if it's a problem for him.If there is lead in the apt and tenant figures that out, he can withhold rent until it's remediated.

I tried using the BiggerPockets buy and hold calculator to analyze the deal, but couldn't figure out how to put the financing parts in.

If your plumber can play drain auger and figure out what's up then you are miles ahead.I've had similar issues in Toledo (swampland is arguable), determine how the basement has been draining first and foremost.

I might not be the easiest thing to figure out as he is renting the house and might not have his name listed in as many public records.

I love the fact that its not one of those required 80hr work weeks to see six figures.

I live in Chicago and I have never figured it out.

Penalties include the UPB being forgiven along with 6 figure fines, under TILA alone, you can look them up, they are on the internet I'm sure.There is no law against reporting what one believes to be a violation, I made no determination in this matter.I'm not anti-lender, I am anti-scammer or illegal operator as it makes things unfair for all the lenders who operate legally.

Anyone figure out something to do to brand Craigslist ads now that they are not accepting images?

Figured, since it was so easy for them to get money, maybe it would be easy for us too.

Get your finances figured out before you use up too much of other people's time locally.