One consideration for markets is where you think Oak Park is going, is it on the rise economically or have the "mostly peaceful protests" put it into a tailspin? 

Along with make sure the battery in the smoke alarm hasn't been removed for a kids toy (I use smoke alarms where the battery is enclosed and cannot be removed).Some tenants complain about these checks, citing they are "invasive" and disturb their peaceful living situation. 

Does the lease say anything about how payments are applied to existing balances?

And I know what you mean as far as repairs, I know they exist, I'm simply referring to basic repairs such as AC/Interior Plumbing/Etc. 

In your situation you have a few options including converting an existing IRA into a self-directed IRA, or SDIRA.

Generally, material in good condition will not release asbestos fibers and disturbing it may create a health hazard where none existed before.

I would take advantage of the opportunity today as it may not exist in the future.

Do commercial lenders look at the existing notes on properties and allow a refinance in the new owner's (LLC's) name?

A lot of those companies will find something to remediate when nothing real exists. 

@David Frandsen hi, I am converting a existing garage to a 2 bed ADU in Vista