With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Detroit is worth considering if you’re looking for a market where BRRRR is still very much viable.

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.

Something to consider! 

If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus!

Tenants like to set up insurance, show proof to the Landlord, and then immediately cancel the policy after moving in.

A window of time to present yourself, get processed, finger printed, all info set.

There's no way I can keep the house above water with that rent let alone consider any positive cash flow...so I need them out!

You're considering taking a peek at the Cape Coral, Florida real estate market, which is fantastic!