If you lock up a property, then sell it by representing yourself as an owner (list it in MLS), then yes, that is prohibited.If you have an assignable contract and a buyers list and sell your interest in the contract then no, that is not illegal.

Get approved for the loan you can lock rates and figure points and everything else out.

If anyone has any word of advice, wants to connect on projects, etc I am all ears!

Lock it up and get a deal!

Ask them if they want to be your eyes and ears.

So I am definitely all ears, and want to soak up as much information I can between now and then.  

I would bring this situation up with a local real estate attorney and fill myself in more completely on landlord/tenant laws and rights but you can also think that if you rent the house to 4 adults knowing at some point from the start they will each take one of the rooms you provide lock and keys for each room.

I would like to lock this in to prevent this negotiation from going back and forth over the next 6 months.

Ouch and ouch.The city's failure to adequately pay into retiree pension funds, coupled with an Illinois Supreme Court ruling that locks in pension promises at their current levels, left the city few options.

I'm all ears...