ON the point about labor in our new builds we just get a set price from the sub and its per sq ft. our framer is 7 bucks and he installs the windows and includes the nails.

You pretty much nailed my current situation.

Considering that 30 year fixed rates in these programs really aren't THAT much higher than conventional all things considered (no DTI requirements, LLC vesting is fine, no cap on # of rentals, etc) I imagine the DSCR side of the industry will get a lot more applicants who would have otherwise turned to Fannie/Freddie for their BRRRRs.I disagree that most BRRRs are done with cash or non collateralized loans.  

I was happy he didn't let us in, thinking i will nail this guy. 

But other than that, @Cory Land hit the nail on the head. 

They want on the job learning/training so they can go do it themselves.Both @Andrew Steffens and @Sarah Kensinger hit the nail on the head.

@Zachary Giles Hi Zachary, I think Joe nailed it on the head.

Boulder County (not in the city or towns) also allows non-owner-occ STR, but with a cap on the number of nights per year it can be rented. 

Account Closed nailed it too -- you'll be refinishing floors when they move out if its hardwood.

Looks like @Samuel Pavlovcik nailed the situation spot on.Keep us updated on how it works when you send it back through the Chicago building department.