Right now I live in the Yukon territory and usually work here full time during my summers at a tourism company in town.

While I am not sure what Whitestown's stance is, but I bet the smaller towns that are a little further from Indy will be very open to AirBNB and other such services as it creates more traffic and tourism in their areas.

Despite increasing tourism for several years running, income was stagnant or dropping.

Talk to the Better Business Bureau for the area to determine what level of tourism is for the City.

When working with clients' tax advisors, oftentimes we have to educate them on the subject.There are tax rules that apply to such plans about which you must be aware, but it's a great strategy for those that embrace it.Key items that you should be considering as you invest are prohibited transactions and UBIT.

Now unless lending in Michigan is at the point where bankers are full on embracing the 2008, I can't see any main line bank willing to work with you and offer you the the numbers and ratios you proposed in your initial scenario.

Opportunity has a queer way of stalking the person who can recognize it and is ready to embrace it.

Just some pointers that I wish I would have truly embraced when I was 20!

I have no idea what tourism is like in your market, but you should be worried about how many tourists you get at all times of year, and use that to calculate vacancy factor.

In my opinion it would be a safe bet to choose an area that has both tourism and business.