Manistee Mi is a good short term rental market

[Sheina Lassalle]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $189,000
Cash invested: $46,000

I bought this three plex in July, two units have long term tenants in place and I'm renovating the bottom unit to prepare it for short term rental.

What made you interested in investing in this type of deal?

I wanted the security on long term tenants and the freedom to explore short term rentals.

How did you find this deal and how did you negotiate it?

realtor.com

How did you finance this deal?

DSCR Loan

How did you add value to the deal?

Im renovating the bottom unit.

What was the outcome?

tbd

Lessons learned? Challenges?

check for bats!