For the last 2 years, I have been working in the medical field as a CMA.

He needs money now to help pay medical bills.

Real estate market is definitely inflated at this point, especially downtown, near the new medical campus, around the Elmwood strip and area around Hertel Ave.

It seems there is a decent amount of medical and other students in the rental market that would make for good tenants.

I suppose a medical bankruptcy means you need a few years to learn how to be smart with your cancer cells too?

The Option has an expiration date usually of two years or more and once that date has been passed, there is no more Option to buy the property.If he doesn't exercise the Option in time, everything he has done to the property is a loss to him.

First floor is under market for rent, and is a hoarder so if I do end up with this property I’d look to make some improvements and look for new tenants, ideally grad students within the UIC medical district area.Now for some more numbers, I was looking to put 5% down at a 4% interest rate putting my monthly payment right $2,600.

If they don't exercise the Option you need time to find someone else.If you Lease Option a property you don't own it so you can't sell it.

This is a great exercise for your business.

Just blank.I pulled from another bureau, and there were a couple of 75 dollar late medical payments, but closed paid.