The other hurdle is to find a contractor, that is something that you can do as well.

American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Verizon is like $35/mo and Spectrum is well over $100 now.

It’s super important you prioritize the end product: something that gets the job done well as an STR.  

I was planning on shorter term rentals as I have a family member who comes for 2 months in the summer, but I assume a landlord policy would cover that as well.   

The best projects I've seen from my desk are folks who are doing hyper-targeted, well-researched deals that are generally in higher cost of living (there are exceptions) areas. 

We’re using a well-known Columbus CPA firm this year and for a similar price the work has been better, and the engagement is night and day improved. 

I bought my first two liens over the counter and was able to foreclose on both and made out very well.

I think it would be really lucerative to get into commercial spaces as well but as of right now we are primarily entertaining SF homesCopy - glad you have good things to say about DealMachine.