There are some legal considerations as well as practical considerations 1.  

I have a close friend who constantly drives up to the white mountains so can definitely understand the draw.

I'm a GC as well and did the math, the Heloc would save considerable interest because it would average on 33% of the balance borrowed at any one time (and thats assuming constant deal flow).  

Does the bank take into consideration the income from the other units?

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

Once you are familiar properly evaluating a deal and identifying most of the potential obstacles, it becomes fairly straightforward and your profit margins go up considerably.

Does anyone take this info into consideration when looking at a rental market or is such analysis unnecessary?

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

My team lead is a mentor of mine so to speak but in general, the people i have met through REI meet ups have considerably changed my trajectory and are real world, local examples that have helped me along the way and for free.

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.