If inflation remains stubbornly high, tightening will occur sooner than anticipated.

You should have a fixed-rate loan, and your payments/obligations remain the same.

If any are tied to the home (eg water), have the bill come to you and then the tenant pays you.

The short story is, I'm starting to hate making art because it's so inextricably tied to income (or the lack thereof.)

I've agreed in principle to reimburse them for the relocation expenses but I want to require that they first make a claim through their insurance, and I'll cover what remains. 

Collar ties, purlins, rafters?

That way your friend wouldn't have to have as much money tied up. 

I just tied up a similar property and this is what I need input on.

Maybe Minneapolis politicians will listen to the experts (and not pass rent control) and if they place a rent control it will be tied to inflation and not apply to new construction.LL in St Paul, flee while you can.Good luck

Another is that your not tieing up your own cash and that probably the best way to beat inflation is to have the bank pay for it ( the last one is probably my favorite to use a loan).