Land trust grants cannot trigger a due on sale clause under the law.I recommend talking to a good attorney and title company who are investor friendly. 

I am still cautiously optimistic about the Chicago market, but you do have to underwrite for property taxes to go up substantially in the year post sale.

Put a property under contract with a purchase and sale agreement. 

Marc Walowitz United Financial Counselors3715 Main St STE 406Bridgeport, CT 06606Specializes in short sales and distressed properties

One of the predominant sales tactics for selling 2 units is the "someone else helps you pay for your mortgage" line.

I'm not completely solid on what balance I will find between commissions from investors, commissions from more traditional home sales, and cashflow from rentals, however I'm diving into it with an open mind to see where I find opportunities. 

Of course they had a very articulate individual on the sales end who was able to sell me on their business model.

Plan is to use master lease option, and then hold for long term cash flow.1) Being a unique property and hard to find comps, given the appraisal, sale and listing data, how do you determine what your max purchase price to be?

If a borrower is in bankruptcy, the foreclosure sale isn't going to happen until/unless the trustee approves the sale of the home or abandons the home as an asset of the bankruptcy court.

I can’t see them needing this house when the building is finished and I can’t see them rehabbing it for sale either.The second I think is a rental but has been vacant for at least a little while, there hasn’t been any work, cleaning, or showings that I can see and I drive by it almost daily.