Yep - I used to hear buyers offer 50% less for any non-permitted living space areas. 

Quote from @Chas Lumley: Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can not buy the property under an LLC, but I could transfer to an LLC after acquiring. 

I’m a CPA and my have no preference, but only recently signed up to Xero just to have that ability to offer to a client.

I’m looking at doing a master lease deal in Alberta on a mid sized multifamily so I would appreciate any onsite you are willing to offer.  

I read this last night from “The Book on Rental Property Investing” by Brandon Turner: Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.I’ll repeat myself one last time: Buy rental properties that offer cash flow today.I’m interested to know whether experienced investors Agree/disagree and why? 

Originally the bank offered 5, I asked for 10.  

This is likely the reason you're not seeing many lenders offer it.

I would also note your mention of not wanting liability, but offering to "co-sign".

Offer to be his/her assistant for free, do all the stuff he/she hates doing, and learn the business from them.

Eugene could be a great choice for STRs with the university driving consistent demand with college kids + family, and Portland offers year-round potential with its already strong market for both MTR and STR.