But it's not for everyone, especially the weather.Regarding starting a PM business, I would want a less mature market that has a lot of growth potential.

Do you believe in it’s mid to long term growth potential?

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

We've had several situations where a potential client would tell us what we want to hear.

You're right that it's getting tougher to find solid cash-flowing properties ($600 or more) in Grand Rapids, but the appreciation potential of a single-family home or duplex in Grand Rapids would be much better than that of a mobile home.

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.

Quote from @Reeti Peshawaria: Hi, I'm in the process of learning about short-term rental investments and analyzing potential markets, but I’ve hit a major roadblock: understanding local regulations.

@Allan C. is correct in using your high income to quickly get your seed money.Target appreciation: Look for properties in up-and-coming markets or those with potential for renovation to increase their value.

The agent puts a lot of time into finding and showing you potential properties.

It checks all my boxes for potential.