The rent and vacancy rate in this area is incredible; however, finding the deals is the tough part. I

You need to locate private party deals.

A house 2 blocks away with same floorplan and sq footage sold at this price in 5 days.Here is the tricky part. I

If the tenant refuses to leave, then the Landlord might have to go to court to regain possession.No party can be forced to enter into a contract.Most landlords should contact their tenants 6 months prior to the expiration of the lease to see what the tenant's intent is.

Mark McQuiston I'm way late to the party here Mark but I'm a REALTOR in Du Page.

That being said, what if, at the point of executing the purchase, the parties can not come to terms on specific parts of the purchase contract that were not set forth in the option to purchase?

"Substantive" is essentially defined as before you talk about specifics of the transaction or parties of the deal.

If you signed a lease with a party who doesn't own the property but has powers (executor, trustee, etc.), you may still be contractually obligated to the terms of the lease.

FHA on the other had is quite easy with that part. I

I'd highly recommend it to anyone traveling and/or if your able to rent your place to a traveling party.