I know a vacancy is tough and it can be hard to find tenants in the winter, but you have to weight the costs and benefits and decide.If it's harder to find renters in the winter, try offering a month-to-month lease just to get through the winter, then move back to a one-year lease in the spring.

I may be coming back here asking for other recommendations.This post is mainly to see if there is someone who is familiar with the real estate conditions in Wayne County who will share their thoughts with me. 

If your town has tourism appeal, converting to STR could potentially increase your returns.There's also reasons to consider selling:Market conditions: Michigan's real estate market has seen significant appreciation in recent years.

So the justification is, the price is really cheap when compared to what I can get close to home.In reality, this particular property is not inexpensive for the area it is located and the condition it is in. 

.), existing site conditions (high ground water, site topography, existing soil types and soil environmental concerns, etc.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.

Adjusting for the current conditions will be important to reach your goals.

Prior to the Section 8 tenant, the home was in "For Sale" condition, due to major work done due to flooding.

October Brings Ideal Vegas Weather: After the scorching summer, October in Las Vegas offers nearly perfect conditions.

Asking price: $399kRehab: $65kARV: 570k The roof was replaced in 2024, the water heater in 2019, HVAC in 2019.The house looks to be in good condition..., but will need some cosmetic repairs. 

You’re right—commercial lenders are tightening up their guidelines, and it’s becoming harder to find 10% down on jumbo loans, especially with the current market conditions.