Effectively, you discuss with your outside partner what their target return is and ensure that they get paid out their portion + target return at the refinance/sale/close/etc.

No,Effective?.. 

I've seen mtg.s missed because there was a misspelling when recorde, but it is still in effect.

You could do this all yourself but, having it from an attorney is going to make this much more effective.

ANALYSIS -Gross Rental Income = $70,200Vacancy (10%) = $7,020CapEx (5%) = $3,510Management (9% of effective gross) = $5,687Taxes = $3,442Insurance = $2,848Repairs (6%) = $4,212Snow = $600Heat = $4,929Electric = $3,343Trash = $652Water/Sewer = $1,500Operating Expenses = $37,743Debt Service = $16,406Net Operating Income = $32,457Cash Flow (after debt service) = $16,051 or $1,338/moPurchase Price = $265,000Cap Rate (of purchase price) = 12.25% Cap Rate (of price + rehab) = 9.55%Total Cash Needed = $66,250 + $75,000 (rehab costs) = $141,250ROI = 11.36%Final analysis - While this property isn't the fantastic homerun deal you hoped, it is still a reasonably good investment assuming your rehab costs (which are just estimates) stay under $75,000 and you can come up with the cash out of pocket to perform all necessary improvements to the property over the next few years. 

You can't effectively.

While the other Governing Documents such as By-Laws, Declaration, and House Rules, will tell you how the HOA is supposed to be run (meeting notices and rules, Board makeup and voting); what elements of "your" unit you are directly responsible for; and how you and your guests act on, or use, the common areas, it is the Budget and Reserve funding that will generally have the most direct effect on actual expenses.

This happens a lot...like @Bjorn Ahlblad said, you can just go to your County Dept and ask for the original plot map.

Not looking to get political but I’m curious how others think, from a real estate perspective, how the new SAFE-T Act that goes into effect on January 1st in Illinois will effect real estate across the state especially in Chicago.

We have a single family home rented out for 2+years to a tenant and in the beginning of July, we'd hand delivered a letter to one of the tenants notifying them of a $50 rent increase effective this month (September).