For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

Nor have I ever heard of you, ever. 

Quote from @Albert Lopez: @alexclark Did you ever invest in Cleveland Ohio?

Second, have you ever managed an STR unit before? 

Everyone was on bottled water for months.You may want to ask for proof that Flint is growing or attracting business investments.Now Detroit is an entirely different story!

Quote from @Kevin Ansari: This is hands down one of the WORST insurance company broker whatever they call themselves you can ever use.

But all of the A/B class areas or rapidly growing cities do not have much at all, and when they hit they get bid up.

If you ever want to chat, feel free to reach out anytime.

Plus, having a fully paid-off property could be a nice safety net if the STR market takes a hit or occupancy slows down.On the flip side, if you’re eager to grow, saving for another property could be the better play.

Kyle,Before you do this call your lender or who ever is serviing the mortgage and find out if they allow a transition into an LLC or if they have a "Due on Sale Clause".