Well, Rentals for Retirement is the game I play.I’m 60, sometimes semi-retired, but never, ever, plan to retire completely:-)Hope this helps you some Mark.  

I've got a decent understanding on how long term (passive/semi-passive) rentals work, however I want to transition into the real estate industry full time and feel as if short term rentals will create a better platform for a business. 

It has a semi circle in front, and another section running to the garage in back.

My end RE goal is to own 1 or more 100+ Unit apartment complexes and to "semi-retire". 

The wholesaler makes a $10,000 profit without ever owning the home.I semi get the wholesale deal.

Although this was only about a 7% CAP and 6% CoC it was still a good choice for an investor that didnt want to be semi passive and mitigate potential large CapEx expenses though buying into an HOA. 

It's kinda like a teeny syndication, or semi-hard money lending.

Experience has taught me that they rarely work out, one always has crappy credit, neither can afford the rent, one has a boyfriend or girl friend that crashes semi permanently, one invariablt moves out, the other can not afford the rent, they want to move in another room mate etc, etc.

Rahul Handa Focusing on passive or semi-passive income to cover your monthly expenses, which are paid for by after-tax dollars, is the much safer approach.

I lived in Michigan for about three years (Ann Arbor) and am considering investing in SE MI since I somewhat know that area.