Rates that low don't make sense especially if they're a no doc shop.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Install low profile LED lights or wall sconces.If this is an investment property you need to be thinking about returns.

Our builder is Bill Lowe, who we really like so far.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

I've read many of the BiggerPockets books like - House Hacking- Flipping- Estimating Rehabs- Multifamily Millionaire Book I and II- How to Invest in Real Estate with Low or No Money Down- Investing from a Distanceand even some outside of themand have been wanting to do something in Real Estate for awhile.

Perhaps reach out to local agents who work with a lot of buyers in your market and see if any of them need a place to rent while they house shop (inventory is still low).

Internet capabilities are low, and no one wants to live there.

Why do you put a window that low in the bathroom? 

A a low-temp sensor be added for you to be called if the temp falls below 55º ?