Some contracts will restrict the liability to just the guarantor's share or another amount (say 120% of the guarantor's share), but this is less common.

@Heather FultzCondos can have the advantage of the maintenance of the outside taken care of but can run into issues with HOA and restrictions on STRs that you can't control. 

These cities can easily have more restrictive landlord policies than a red area in a blue state (like Colorado Springs for example, probably less restrictive than any of these cities). 

We'd like to try a short term rental but the Oregon coast and Tahoe (two places I love) are extremely restrictive on doing this.

Are travel nurses who work odd hours going to feel safe in this area, since you say it's somewhat sketchy? 

As page 1 of the lease states- "This form lease is provided as a member service by the Chicago Association of REALTORS and is restricted to use only by MEMBERS of the Chicago Association of REALTORS and those who are party to a transaction facilitated by a Chicago Association of REALTORS member."

That's odd especially because if you have no inspection contingency (rare and not usually recommended) then typically there wouldn't be an inspection at all in that scenario, unless there is an agreement that it’s for informational purposes only.Paying over ask and still having to waive inspection is rough.

Fannie/Freddie have more restrictions in terms of experience and net worth to qualify.

But still found it odd that they burn employee time for no water usage.

It is important to consider local regulations, as Seattle has specific rules and restrictions for short-term rentals, which might impact your ability to rent out the property when not in use.