If you can find a lender that will borrow you that much, you don’t mind being negative $800 give or take per month, and you don’t have anything for the bank to go after if you fail.

Generally speaking (I dont have any details about your situation), househacking is the best way in for people getting started.

I think these are fair questions to ask and are not negative or derogatory, nor are they meant to be.

Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

It sounds great, but it's all just words at this point - speaking from the experience as both an operator, broker, as well as someone that has experimented first hand with different tools. 

You will then have to weigh the positives and negatives of starting an eviction order due to the lease violation. 

If you speak to a CPA who understands remotely what I mentioned then you're in good hands.

Be careful of financial items or “investor hours” and travel.Think this way: “If I did not do this (Insert Task) would be STR be negatively affected”?

In the very early days some of my places were negative, and I expected that.

And after speaking with a lot of folks at BPCON2024 I’m realizing this is a niche that some of you in the community are very good at, but most of you, like me, know this is a need but don’t have a good solution.