What nice though with that is you build equity quicker.So just adding my experiences with the commercial side, from an owners point of view.Good luck!

In my experience it won't be looking too pretty after a year.

By the most important thing (if that's what you're doing) is to have a really good operator who knows the laws, has experience and is above board so they won't leave you high and dry. 

I want to share my experience with Jenny Yi, an STR designer in case others have had similar issues.

If you’re able to dive deep or work with someone who has boots-on-the-ground experience, the returns can be very rewarding.Good luck with your journey, and feel free to reach out if you’d like more insights or resources on Detroit!

Experience: Beginner in real estate investingGoals: My primary goal is to learn more about real estate investing opportunities. 

The license doesn't cost more, the service and quality does.And a note on that cost, in my experience hiring contractors, only a small percentage of the cost savings was due to finding the right guy who is willing to work for less.

@Shawn TumaFrom my experience, you can boost rental income and manage mortgage costs by targeting value-add properties and exploring mid-term, short-term, or room-by-room rentals.

I'm Igor - a revenue management expert with over 10 years of experience in the hospitality industry.

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market.