Some sort of owner occupied strategy (house hack or live in flip) is probably your best bet for a first investment.

Your best bet is going to be to join the facebook groups, there are 3 major ones in Lansing.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If you're looking to avoid a rather large tax hit, a 1031 is probably your best bet.  

A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

So a nicely decked out  cabin I bet would rent real well for STR purposes  Not sure about permits etc..

If you have a more extensive full gut rehab you need drawings depicting the work to be performed and material specifications.

Quote from @Michael Lynch: People rarely talk about the amount of effort involved in operating a STR.Never sell a property unless you have a clear plan to reinvest the money into something that will perform better or move you closer to your goals.