I know they have a cap at 10.We have also looked at using local banks in the area but those terms are usually 3 years arms to ten year arms and 20 year loans so it lowers cash flow significantly. 

@Jesus Gonzalez - The best way to approach this question is to talk to a mortgage broker or local bank lender.

One question to people with knowledge.

Found the deal when my local realtor referred it to me.

I've confirmed it with a few other local real estate investors the same sentiments. 

I would suggest setting "instabook" to "off", allowing one of the more flexible cancelation options, and having a minimum stay in line with your local ordinances.

It's also worth speaking with a local real estate agent to identify the best neighborhoods for rental income potential.

Networking is key, so connect with local investors and lenders who specialize in multifamily deals.

Just be sure to check local laws on utility billing in Michigan before implementing anything, because this may not even be an option.

Accessibility and local knowledge above everything else.