Your feedback has given me clarity and your suggestions offered once implemented will mitigate some risks.I'm waiting on the rent roll and supporting documents for further analysis.

For example, my average terms are 90%-100% LTV and 10% interest flat no points or pre-payment penalty.

Unethical practices: There are reports of agents coaching buyers to avoid properties where commissions aren't pre-set by sellers.

There is really no reason to roll the dice in a craps game.

Selling the current assets to roll over to other assets to alter the operations and performance. 

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

Fellow STR owner/manager from TX.I do think there is value in having some pre guest documentation in the event that you have a guest come in and make false claims about cleanliness, etc. 

many years later this is my 1st time seeing this post. you are absolutely correct. the people have been the treasury since 1933. your signature is requires for anything financial to get rolling.

You will likely have trouble finding real estate listed online for that coast since it is really pre-development. 

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.