I've used my parents facility they have with NAB and I pay my interest all back to Australia.

In Cook county (Chicago, IL) you have to attach a state of IL form called anti-predatory lending when you record a mortgage in Cook county.

That's also more cost.Lastly, "being used as a daycare" sounds like it's probably not a licensed facility.

You can check the roof to see if there is a drain vent above that area or basement or determine if there are water facilities directly below.

I don't think the tenants will be cooking much honestly and I think this would be a more cost effective option.Comments/suggestions are very much appreciated.Thanks!

I have a possible deal in the works; it's a 36-unit storage facility and the seller is willing to carry back financing...she has an existing first lien balance of $55k...and the sale price is close to $115k.

This facility is ran so poorly, that I cringe when they begin to talk about it.

And she has no money to eat, and no way to cook the food, and it's my fault.  

@Ethan Cooke , I was planning to do exactly what you stated at the end, one of my units are currently airBnB'd and I was thinking of adding a detached unit, considering them as "together" and AirBnBing the second one as its own unit even though the lease is technically for both units (lease to my own building by my own company that is).

Is some big employer like Merc Pharma, or a Toyota Mfg facility on its way?