and it's not only not cash, it's expensive money - for it to be worth using you'd need either (1) something short term, like a flip (not recommending that here) or (2) a very high return that beats the interest rate you're paying on it.

Featuring stylish, modern furnishings and vibrant, fun amenities, this home is perfect for a variety of short-term rental visitors.

Such as short or long term rental, single or small multifamily or large multifamily, etc.?

Where the owner doesn't have enough storage space, so it won't be short-term parking. 

We would lend 75% of the as-is appraisal on step 1 which is a short term bridge loan. 

The planning staff should be able to walk you through any options for zoning changes or variances if there's a way to make short-term rentals work in your case.

Southwestern Michigan offers plenty of charm and is a destination place but would definitely make sure your ROI makes sense based on your long- and short-term goals with the property.

Pete area and would love to hear from those who know the market well.A bit about me — I’ve been in short-term rentals since 2013, starting with hotel management and rental arbitrage in Russia, then expanding to Germany in 2017.

Reach out to Lisa Loesel at Short & Suite Management here in Milwaukee. 

The only other option that comes to mind is to make the improvements and try to achieve favorable rental rates to push the story that 2 BR homes rent for a premium because its unique.