Are you looking to househack or rent both sides out? 

-Structural (foundation, wall, ceiling and floor)-Roof and Exterior(Roof Condition,Gutters and Downspouts, Siding, Windows and Doors)-Plumbing (Water Pressure,Leaks, Drainage, Pipes)-Electrical (Wiring,Outlets and Switches,Breaker Panel, Lighting Fixtures)-HVAC(Air Ducts, heating and cooling)-Water and Moisture Issues(Attic, Mold and Mildew)-Kitchen and Appliances-Bathrooms-Pest and Insect Problems-Safety Features

Thank you.Good morning, Joel - What you are describing is a very common practice on the private lending side of the financing industry.

The STR market has many more moving parts than the LTR side of it And inherent risk comes with each of those parts.One big thing to consider is the property management, etc...

Now that was a side of real estate that I hadn’t explored.

I can run and model numbers and am a CPA so comfortable with the finance side of things.

Make sure you have that addressed just from a liability standpoint. 4) You could also look into a mid-term rental option with traveling nurses if you think the unit is truly rentable. 5) AirBnB restrictions have gotten much stricter as well in general in Chicago, so make sure you are on the right side of those if you put your unit up since you are required to register with the City.

It covers internet, water, trash, cable, and exterior (roof, siding, etc.).

If E has any priority over B, for instance, I would not invest in this structure, given that my bank account puts me at a Class B share (side note, their Class B is a little more GP friendly on the surface, than other groups, but devil is in the detail).  

The financial analysis side of CRE really excites me.