I'm now being told the sellers concession needs to stay under $3500 for them to be able to UW to 80% of the purchase price ($124,500) if the seller concession is greater than $3500 than the leverage will be based off the purchase price minus seller concession, so 80% of $124,500-3750 ($120,750)The leverage on the loan is 80% LTV or LTC, whichever is lower.I'm just trying to understand this because I thought it worked out in my favor. 

I believe the landlord laws are less favorable in IL and Chicago than in Atlanta, but when talking small multi-family, with good tenant screen process in place, that should have minimal implications. 

Gas isn't available but I would favor it if it was because it has historically cost me less. 

They finally gave me a $75K mortgage taking into consideration closing costs, a big favor.

I think your biggest risk would be if the market turns more buyer favored during the construction phase would the investment still make sense?

I believe it favors the LL and keeps the tenants on their toes.

I think your cash flow assumption is mistaken and overestimates the cost of debt, thereby making the all cash purchase look more favorable than it is. 

Also, if in an assumable fixed rate loan with plenty of term left, the owner can sell at a premium due to the favorable financing tied to the asset.  

So most don't both because its extreme right now and judges are leaning heavily in the favor of tenants.

It has never cost more to buy oriented strand board, known as OSB and used for walls, Southern yellow pine, which is favored for fences and decks, or ponderosa pine, which is popular in cabinetry and interior trim.Many engineered wood products used in new construction, such as I-joists, are in short supply, and mills are backlogged with orders well into March, the pricing service said.