You can't discriminate as to legal sources of income or government benefits.

Their auctions are done in a bid-down style on the interest rate, making it a competitive but  potentially rewarding state.Illinois: IL can offer a 36% per annum interest, divided into two 6-month periods at 18% each.

In addition, you need to know the current Legal Rents in the records of HCR (DHCR) for each apartment as they will be rents that you will most likely be stuck with and you will not have the ability to increase rents to cover Rehab or your investment.

If you found yourself in a legal battle over pick your scenario, you could save money by being your own council or you could hire a professional to get you the best chance of things ending in your favor.

It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

The legal fee is nominal given I could get house prices for significantly less when we negotiated the listing agent's commission on houses.

The property was bought under my LLC.Is there any Legal Consequences I may run into by attempting this?

Looking for my first-ever deal and I found a potential fixer-upper.

Being as your contract apparently did not include the proper condition checklist YOU WERE NOT LEGALLY ENTITLED TO A SECURITY DEPOSIT FROM THEM!  

These are more complex legal structures that can provide even more protection than a traditional LLC alone.