Presumably the tenant can be required to carry renter's insurance on top of this, to cover malicious damages or their kid trying the outlet challenge and burning down the building... 

(Make sure occasional vacancy is part of your cash flow calculation.) 

Challenges?

Challenges?

Thank you for reminding of possible challenges in owning  B/C class MF properties in tier three markets.

- For us, the most challenging thing about multifamilies in Chicago is not necessarily the number of repairs.

Challenges?

Challenges?

Depending on how your borrower responds could go longer if they file bankruptcy or challenged the debt in court. have you made any contact with the borrower to see if he or she is willing to execute a deed in lieu?

Challenges?