If your town has tourism appeal, converting to STR could potentially increase your returns.There's also reasons to consider selling:Market conditions: Michigan's real estate market has seen significant appreciation in recent years.

The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.  

Cash flow has been compressed for ALL asset types by the increase in interest rates, and there is also increased competition for STRs. 

To improve cash flow, consider increasing rents, exploring short-term or mid-term rental options, or leasing units at higher rents.Good luck!

To do the cash out refi I want(leaving more cash in the deal than taking out) I would only have a $200 increase in the PITI.

 $800 / month increased rent X 10 units = $8,000 / month (almost $100K annual) increase in cash flow.  

They're retired and on fixed incomes, and they won't be able to afford the insurance and/or their HOA fee increase.

Pencils have been down and large investors have been focused on cutting costs, increasing renewal rates and improving operations.

I'm seeing parts of Durham become increasingly popular like 27703 for new construction in addition to Bethesda and South Durham near Southpoint Mall. 

Hello everyone,A family member of mine owns a short-term rental property in Downtown Miami and is looking to increase both occupancy rates and revenue.