Let me know if you'd like further adjustments or additional explanations! 

You won't get good answers without a more tailored question.What are you trying to accomplish and have you invested in MTR before? 

The property title is clear but the lender wants additional property adjoining to cover the roof overhang rather than just an easement or encroachment.

I have not looked into it how to accomplish that, but you might want to.

Creating a catalogue of info and answers for the general benefit of those in the future in addition to the poster.

In addition, the PM is running a business and insurance (GL and WC) costs money. 

Wanted to revive this post and check to see if anyone else has additional information or input on rental in Cahokia, IL / Cahokia Heights, IL . . .

I would never buy a STR if the deal didn´t have either of the following, in addition to making sense as a STR: A. an obvious pivot (LTR, MTR) as my safety net if the market moves against me or B. have some additional RE benefit that would make it a deal using a different strategy ex.

To accomplish this, you need an income that outpaces inflation.

You’ll want to check if your specific work falls under their home improvement contractor licensing, or if there are additional local permits required depending on the county.