Loss of Use / Loss of Rents: Normally, there is a 20% included limit.

I've been an independent contractor in Springfield, Illinois for 8 months and have been a trades contractor for the last 4 years.

You'll be waiting a looooong time for a tenant to meet that criteria.Same goes for conviction & eviction histories:Class A - never (actually they fall off after 7-10 years)Class B - not in last 5 yearsClass C - not in last 3 years

It'll likely pick up again at some point, I'm hoping that this summer will be much better than last year was. 

I don't remember that legal argument arising in the last couple of cases I was in, so it just may not have been addressed.   

So monthly expenses are $2809.I'm assuming for the sake of this conversation that you charge $150 per night and are occupied 50% (15 nights a month), so your projected income should be $2250 per month.If the above numbers are accurate, you will have an operating loss of -$559 per month.

We’re more than just a property management company—we’re your trusted real estate partners.I’m originally from Chicago and a big Chicago sports fan (even though the last few years have been rough for us).

On the positive, your losses are light. 

Someone out there must study those submarkets pretty heavily and can explain how housing stock has changed or not changed month over month the last few months... 

There is a legit chance of a loss of initial investment.