The important thing is to not let these frustrations discourage you from buying a home; in the long run things tends to work out if you don't over-extend yourself and keep a level head. 

You might think you're about to liquidate an asset at foreclosure sale when the borrower files Ch 13 BK on you and extends your timeline out by 5 years. 

I seem to understand the differences between the two in a general rental agreement; “additional interested”=proof that insurance is obtained, changed or cancelled, while “additional insured”extends the policy to me in case of any claims, which will be covered under the renter’s policy first.

Credit extended to acquire, improve, or maintain rental property (regardless of the number of housing units) that is not owner-occupied is deemed to be for business purposes.

Being that Illinois is a Judicial process State when it comes to foreclosures, meaning it has to go through the court system, the lender has to file a suite against you and there is a timeline of when responses are due and even a redemption period that extends up to 7 months after being served where you can retain the property if the note is paid in full including costs etc. 

In OR, yes, they ae deductible and your CapGains based on the net.If it helps, in OR, seller pays for STANDARD title insurance since it basically is there to protect the seller from come-backs on title stuff.If buyer wants EXTENDED title (needs a survey), then buyer usually pays the diff between STANDARD and EXTENDED.  

With the extended ban on evictions, how is it possible for rental property investors to survive?

The deadline to invest in a Qualified Opportunity Fund for these taxpayers is now automatically extended to March 31, 2021.https://opportunitydb.com/2021...

All you need in your guest suite is a desk to add the amenity of 'Dedicated Workspace' and you can make you listing more appealing to people looking for an extended stay but still need to work. 

Having to evict an inherited tenant can be tricky... especially with the current eviction moratorium in place until the end of March (could possibly be extended as well), meaning those tenants can just sit and not pay for quite a while and it might be difficult and costly to finally get them out.