I used a 203k loan for owner occupants and the construction forced appreciation so now I have about $50k in equity and my tenants cover my mortgage. 

Hi, many cities have occupancy restrictions, such as no more than 3 unrelated parties in any unit, regardless of room count, so check with the city first.Your issue is common, kids!

You might get $2200 for a house on a long term lease but over $5000 with 80% occupancy as a short term rental.

I find it attractive but they are suggesting that the occupant (policy holder) will sign the lease and ALS will provide a Payment Letter of Commitment.

Each individual dwelling unit shall have individual electric service with a separate electric meter and, if it has natural gas, individual natural gas service with a separate natural gas meter, which service and meters shall be in the name of the tenant or other occupant of said apartment or other dwelling unit."

That's in the definition of broker, per PROFESSIONS AND OCCUPATIONS (225 ILCS 454/) Real Estate License Act of 2000.

That's how I put mine together a few years back.If you put too much verbiage into it to try to become "bullet-proof", you run the risk of the occupant not wanting to agree - could defeat the purpose of having such an agreement!

Would not concede landscaping forces anything, least of all appreciation.IMO, landscaping enhances curb appeal and thus equates to 'desirability' to the tenants. 

Four of the units are double occupancy.

@Cathy T.Add the girlfriend as an occupant but not a party to the lease.