Its favorable location in Detroit and demand for local housing presented a straightforward profit path, allowing us to quickly flip and earn, making it a strong choice for Partner Driven and Rod King.

If you can own the property and pay a similar amount for a similar lifestyle, it's probably a good decision (assuming you can afford it if it doesn't go perfectly, needs repairs, etc.)With house hacking the rule of thumb is: The more uncomfortable you're willing to live, the better the numbers will be.

•Local Regulations: Are there any important rules, taxes, or permit requirements for STRs in Gulf Shores that I should be aware of?

Look up your states rules for activities requiring a real estate license. 

I have been reading thier seems to be a lot of rules and regulations.

There are rules to follow!

They typically have template leases and then you can add your own addendum with rules, etc.

You don't have to be an accountant to do bookkeeping - just click or auto categorize based on the rules you set up.

You have to run the numbers, watch out for saturation and unfavorable rules.

Can you pull off a BRRRR and 1% rule?