This question is a couple years old.....The Illinois law is being changed as we speak, so a buyer may have to only pay for 9 months of association fees (instead of 6 months and an unknown amount of legal and late fees), if buying a foreclosure with an association. ask your real estate lawyer for details on the revised law-public act..... more
My friend who is a property manager at an apartment complex gets her 2 bedroom apartment for $80 / month where the others rent them for $800 or so. Another friend of mine works for restaurant and her family stays in the employee housing less than a quarter mile from the business rent free. Try to get creative by offering something in return instead of paying full rent - like babysitting, housekeeping, gardening, etc. ...anything legal and reasonable.
For the long term, work on minimizing expenses and extra income sources. Increasing credit scores and be able to own your own home without worring about rent increases. I'd be happy to share some resources that I know of.... more