So the gov't, at least one arm of it, thinks the buyer picks.

Anything that's not explicit in the law has to be interpreted by courts, and court systems in Chicago are known to interpret laws to the tenant's favor.

A DSCR loan, ARM, or something else may be your buddy. 

if the PM gives me the job, it is my understanding that the owner has already paid the monies to the PM.PM is completely responsible for work done and payment.Owners are always arms distance from the vendor!

If a course costs an arm and a limb then there's a problem. 

I've got big arms.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Hi Jason,I'm sure she will do well in school, butsince you have emotions involved in this decision vs an arms length transaction; have you thought about things like:How much are you willing to "take a hit" if/when your renters (daughters friends) can't pony up with the rent, bring (5) huge "cute" huskies into the place, paint the rooms wild colors, etc...This business works best when it's run like a business, all I am saying though is watch out for your own emotions regarding being too soft (or too hard) because you are "Dad".As in too hard, I mean something like, maybe she gets a new boyfriend and he's a Total Loser, will you hold the rental over her head threatening to kick her out?

assuming  its  over 4 units  - you are  in the commecerial  loan arena  and these are  mostly ARM loans  requiring large  down pmts and  havng higher rate/ fees  as  compared to " residential "  terms ...if the  proeprty is   4 units or less - 30 yr fixed options  should be avaiable 

This really helps as you can keep reducing the rates as and when it goes down so even though its ARM you get to enjoy lower rates (perhaps forever)..