Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

20% down is available, 25% down will bring significantly better terms in a lot of cases. 

My fiancé and I are looking to buy our first short term rental property.

If you're still in college and working with an FHA loan, a duplex can be a solid option.

Looking for some advice on how to handle utilities and internet for a mid-term rental!

Michael,Construction loan programs are fairly simple and in some cases the answer to little to no inventory.

are there any facebook groups about hosting or short term rentals you could join?

Does anyone need alternative guest coverage for their short term rental? 

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Curious to know what you would suggest for durability and longevity for a long term rental.