This is all public data, except for the rentometer estimated rents (which you should expect to mark up for being fully-furnished). 

The engineering included public roads, public water, public sewer, and a site lift station.

The 3 non-paying months would have paid for 3 years of management.

For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.

As an investor myself, I need to be creative in sourcing deals so I connect with realtors and contractors who may have access to deals that aren't publicly listed.

@Alec Raven this is our "bible" for PMing.https://www.legislature.mi.gov/publications/tenantlandlord.p...Does your state have something similar?

The Due Diligence deposit is non-refundable and goes straight to the seller.

If it's in a major city with public transit you can limit the number of rooms that include parking.

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

While the maximum rate is a 2% charge, the JVCA board can only levy 1%, with the second 1% being implemented by a public vote."