Hey there- from what I understand, the possibility of restrictions on STRs is more so for properties in the city limits of Blue Ridge.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

Keep in mind that when you are licensed as an agent, wholesaling can be restricted or disallowed by your brokerage so you want to check there first.

Need to keep in mind STR license / permit restrictions when evaluating.  

We are almost 4 years into that property and we won't be able to refi or pull any equity out of the house until our 6th year due to mortgage restrictions.

Also, if zoning restrictions were to be relaxed, could the area end up like others with abundant supply, potentially leading to a decrease in property values?

There is an Hoa that requires minimum 6 month leases but that was only restriction.

Given that your governing documents state HOA liens are junior to mortgages, it further complicates their claim, as they may not have the right to impose a super lien in this instance.

We could probably push it to 70k income, but we take all of the good holidays for ourselves, and we have occupancy restrictions to lessen wear and tear on the property.

If anything that might restrict building but I don't see them running out of water for existing homes so wouldn't that mean home values going up because supply would be restricted.What kind of climate risk could occur there?