I found the property, handled the majority of the closing process, and am going to be the property manager.

One thing that helped me when I started was getting super familiar with the local market and building a network of reliable folks (like other investors and contractors) who could make the process a lot smoother.Feel free to reach out if you have questions about investing in Michigan or want to compare notes.Best, Travis

As a general contractor, I have a strong understanding of the buying, selling, and financing processes, which gives me an edge in evaluating and improving properties.

It's a slow process, but very worth it once you start to see the results

They then moved out and had positive cash flow & repeated the process in another property.

You will learn a lot in that process and be better prepared for round 2.

How do I start the process to make it legal?  

They recommended we do the conventional loan, what are your thoughts on the process buying a multifamily with conventional loan and just start renting all the units out.

Here’s my current process:1.

    Hello BP community,We are in the process of attempting to optimize our first STR property in a very seasonal market.