People are eating at home more and many homeowners are making improvements to their homes and building pools, etc.

An Exchange Accommodation Titleholder (“EAT”) would sign a 30 plus year ground lease for your land.

How do you eat an elephant, 1 bite at a time. 

If not, how do you plan to eat between now and when you make your first transaction?

Otherwise the carrying costs eat up the profits.  

I'm sure my water bill and trash and P Tax will go up too, eating into my profits...Again, maybe I'm wrong, but I'm thinking at some point the pendulum will swing back a little towards reasonable.

Don't want to have to eat the cost of a foreclosure. 

From what I hear, it's quite the hot market in Chicago and you may end up spending a significant chunk of time so you may only have to find a subletter or you may just have to eat it for a bit.

Not sure how you manage to do both.I realize now that I may not be able to have my hypothetical cake and ethically eat it too.

. - Repairs: needs new carpet and fresh paint. - Lot rent: $1073 - With utilities bills come out to: $1225 (this is in the middle of the summer)- Lot rent has been paid until the end of the month.