If I were you, I would structure it where the investor is putting up all the equity needed, as opposed to piece mealing it as you described.

Michigan's economy isn't great, but remember Southwest Michigan is totally different than the remainder of the state, and the Grand Rapids area is healthier than many.

You are no more than a meal ticket and you have to take care of yourself, because that particular wholesaler is not gong to take care of you.Not saying that he can't offer you a good deal.

There  appears to be more house flipping gurus making  tours of the country offering FREE house flipping talks at hotels  including meals and free gadgets.  

A cool website for affordable and healthy home cooked meals is BudgetBytes, look it up.

However, if the owner of the house provided a meal to the residents then it is classified as a boarding house. 

Any legitimate business expense counts to reduce your taxable income, cars, phones, health insurance, professional services, even business meals count at 50%.  

For instance a McDonald's gift card to cover three meals a day might be less hassle and less money than an attorney.Plus if you pre-specify the motel and tell her what and where it is with a website link to it, she may feel more comfortable staying there.Just some thoughts on this.Good Luck!

Pest guy said it's often difficult to treat due to uncooperative tenants that don't properly prep and due to the bugs spreading when tenants abandon the unit instead of reporting the infestation-- because when the "meal" leaves the bedbugs spread out looking for a place to eat.

@Jan Ferry-AxmanThe Rollover as Business Startup is designed for operating a true business, not passive investment holdings.If you have multiple properties on short term rental, and are providing services to tenants above and beyond just a place to stay (access to gym, meals, laundry, etc.) then vacation rentals are considered a business (like a hotel) and not passive real estate rentals.