The builder did close up and reform as a new entity, but this was many years after it was built (house built in 2004, I bought it in 2011, found issues in 2015).

This is similar to D.C.’s Tenant Opportunity to Purchase Act, or TOPA which became a way for D.C. renters to hold some homes hostage for high-dollar payouts and enabled renters to block sales until the law was reformed. 

But there are exceptions in ILhttps://statelaws.findlaw.com/illinois-law/illinois-interest-rates-laws.htmlIt is lawful to receive or to contract to receive and collect interest and charges as authorized by this Act and as authorized by the Consumer Installment Loan Act and by the "Consumer Finance Act", approved July 10, 1935, as now or hereafter amended, or by the Payday Loan Reform Act.

In regards to whether it's an arms length transaction and shifting the cash flow to or from one entity, our pricing has to be justified and at market rate due to regulations so we can't give a discount on one with hopes of making it up on the other otherwise we would favor income through the Realty Corp for tax purposes in light of current tax reform. 

And they dont have doctors running those,...more reformed drug addicts with training....BANK

@Brian Hughes  "I would say 80% of the crowd of supporters there was somewhere in their late teens through mid 20's"This is an interesting observation because it does seem like a lot of the push for these policies is coming from the younger generations as part of the social justice reform that has been a major topic recently. 

IMO, reform in zoning laws should be sufficient.

Nothing special.The $10k SALT cap will apply (anything online from prior to tax reform should be ignored); odds are you are already paying more than that in state income taxes, meaning there effectively is no property tax deduction for owner occupied real estate for most people in California. 

Real estate Reformation, tell them meetrah amini referred you. 

@Joshua Williams - reformed introvert here.So 64 units is a different game than even a 5 units.