His 17 year old son also frequently helps him so I make sure to give the son a Christmas bonus as well.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

Plus it’s an area we frequently visit and pay someone else to stay on their property so we would like to get some personal use out of it as well.

And by not going well, do you mean lots of complaints or worse like not renewing leases and that kind of thing.Sorry for all the questions, thanks!

You want to make sure you set clear boundaries and have a transparent lease. 

I would 200% be doing this if my current partner wasn’t so averse to moving frequently.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I want to lease out the facility to a company/corporation.

My thought is if the numbers align one of our client's might be interested in sub-leasing for Airbnb Arbitrage.

There are various rental strategies, including long-term rentals, short-term rentals, agricultural leasing, and corporate/group rentals.