Again, there are many vendors out there willing to hot shot to a property for $10-$20 depending on the task needed.

.-- If you're the lessee (and not the deed holder / owner): COH will require written consent by the owner to the use of their property as a        STR and to accept liability for taxes if the STR operator does not adequately remit Hotel Occupancy Taxes (HOT) as per local                         regulations. laws—a responsibility most owners will be reluctant to accept.-- Expect a grace period of two months once the new regulations are enacted into law.

. - Only 4 houses down from my current home in metro Detroit, MI.We toured the property and it was a hot mess, easily a complete remodel because of cigarette smoke damage that seems to have reached every corner, but the prospect of redoing it really excites us.

Have great weather most of the year ( few months get super hot and super cold ).

With interest rates and prices skyrocketing, I believe this strategy has the potential to become a hot trend in our area.My plan is to acquire properties via seller finance or subject to, optimize it for this strategy and then repeat the process to multiply and increase income sources.

Depending on repairs and updates, $40K could get you close to furnishing the home, but if you want to add profitable amenities such as a game room or hot tub, it would be more. 

Research hot areas like Fountain Square and consider the stable rental market.

They designed the hell out of it, added a hot tub, and they're averaging $80k for the first two years. 

So is the idea have the total rent be the rent plus prior years usage (one statement that says $755), or give them a statement that says $700 rent + $55 heat hot water?  

After talking to one of these companies, you'd be surprised at how many places test hot that you wouldn't expect.