The truth is most methods work - cold call, direct mail, referral programs, driving for dollars, etc.

Napkin math on offers to get a rough idea, then a deep dive when under contract.

You might want to visit Detroit if you have not, and drive around the different streets in the city- but I warn you it is very dangerous in many parts.

Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.

A good investor agent can find deals for you, you can cold call, drive around, and scour city data.

Wis Dells is a prime location for STRs to be eventually banned or very highly regulated given the large resorts with deep pockets and a lot of influence. 

I mean drive up and down the Eastern part of the state until you find an area that has not been completely discovered.

I can't figure out what the economic forces are in the community driving the high rents and relatively low purchase prices.

They don’t want to drive more than an hour each way every day.

I would recommend doing a "reduced" (~60%-70%) leverage refinance which would help drive your rate down as much as possible and hopefully still maintain the cash flow that you would like to have, especially since they are free and clear.If you were to go the portfolio route, I would confirm with the lender you use what their 'occupancy requirement' is.