New here, does anyone know if you need any special license to own, operate or expand a facility in Michigan?

I heard Delaware is the best place for LLC, but that you need your LLC in the state you are operating?   

How are these changes playing out in your day-to-day hosting operations?

Active operators are far more likely to succeed in the entry level SFH space and that's not who buys entry level homes from turn key operators. 

I’d love to learn more about how you operate in multiple markets and what strategies you’ve found most effective for managing properties remotely.Looking forward to staying connected!

Ideally with experience and operates east of Ronkonkoma NY.Looking forward to hopefully connecting with people.

According to the telephone operator it was snail mail only for Articles of Incorporation. 

Which makes me think it’s a smaller operation.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

If you're in the FM area and you own/operate STRs I'd love to connect.