. - You can definitely rent out for 30+ days on airbnb with no restrictions from the city of Chicago but not sure if airbnb will let you list if you don't have a license number...curious if you figure that out please share the results.Fee Simple ownership has nothing to do with what you can do with the property....It means that you own the land and the building on it outright, and you have the right to use and dispose of the property as you please.

That is the issue that first must be resolved, although I am not sure if you are going to be able to correct a bad location if that is the root issue but there are certainly tools at your disposal to protect against liens. 

If i have a unit with a bad garbage disposal, I want to quickly see when it was put in and by whom.

This can result in increased depreciation deductions in the early years of ownership.Partial Disposition: When a component of a property is replaced or disposed of, you can take a partial disposition deduction for the remaining undepreciated basis of that component.

If those numbers are accurate, it seems you have DSCR and FNF/FNH options at your disposal.

These are the tools at your disposal that will help you avoid liability.

It depends on your goals and how much cash you have at your disposal.

At the time when the chemical industry discovered farmers as a huge market all sorts of herbicides and pesticides (the are banned today) were introduced, stored and disposed of basically into the ground: the farmer did not want to have stuff growing between the barn and the farmhouse anyway, so seemed like a good spot to kick that barrel over.

They installed bidets without my permission and created plumbing issues so I had to pay for a plumber to come out several times, I've had to replace a frontdoor knob and deadbolt last month even after we rekeyed the home prior to them moving in, the garbage disposal blades were jammed so had to call a handyman, repaired a broken window which my property manager claims was broken prior to them moving in even though the repair was made 3 months after they moved in.

So you may just end up delaying ordinary deductions and increasing ordinary income with recapture under 1245.This also means you may get tax deductions at a rate lower for deductions when you have less income, and higher rates charged on recapture in the year of disposal.