It appears that the seller receives a junior (2nd position) lien which encompasses the existing first lien which actually makes this a “wrap around” mortgage (technically), not a “subject to”, but the way it’s structured it works the same.Having a wrap DOES provide the seller with an avenue to foreclose if payments to the existing mortgage aren’t made.The fact that the buyer provides detailed information upfront and states that they are willing to consider and incorporate suggestions from the buyer that add to the buyer’s security may be an indication that the buyer is “legit”.  

I would be greatly appreciative if you could send me a copy of the lease you are using and any other helpful tips you can provide.

If you are going to increase rent, there are a couple of tips One being providing ample notice so they have options to leave and find a new place.

Another thing I see on here is predatory turnkey providers buying just over the line between the A and D grade stuff. 

Thanks,AdityaHi Aditya, I have worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you.

@Matt Smith - as @Christopher S. mentioned you cannot use an ADU unit in Chicago as an AirBNB as the city's intent with the program is to provide additional affordable housing. 

Ultimately this is not my burden and what ever happens does not affect me financially, but I still find myself up at 2am wanting to find a way to help her if I can, even if it's just providing her with a solution/way out.A little over a year ago, she took out a New Construction HML for her first Real Estate Investment project.

I know at least there are public REITs provide yields from 4% to ~10%.Good luck.

It's not just a tax benefit; it's a mechanism to channel funds into areas that truly need revitalization, providing a win-win situation for investors and communities.On the other hand, the Low-Income Housing Tax Credit (LIHTC) is a stalwart in promoting affordable housing.

@Derek Todd McCarley if you have $1m in capital gains this year it's worth it to pay several thousand to get some solid tax advice. .Without the specific background on how this $1m in cap gains was generating it's tough to provide helpful feedback but you can explore 1031 exchange, 121 excl, Qualified Opportunity Zone, and more