After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

Some of the CoC are so low (and some of the projected appreciation is also low) that I ask myself, why wouldn't I just invest in government bonds instead.

Challenges with finding people who want to do a smaller projects and not cost exorbitant amount of money Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.

I'd ask around some GC's that are higher level they may have some decent project management/financial tools if they're at scale.

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

At this time in the project, is it possible to take out a loan against the property in order to buy a great investment which would be a patch-n-paint and could become an awesome rental?

It gets to a point where your rehab costs for you and your projects are known before the contractor steps into the property.