@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses.

Now, if you do not use a PMS and only have a few properties or only operate on Airbnb that’s a non-issue.

Non-renew tenants,, give it early even if its 8 months out.. you could also do mutual lease termination if they aren't month to month.Basically you want them gone, so only and best way is this.

That’s why my original post focuses on what can be done within that space to address affordability.

It looks like R-25 Batts would be ideal being 8" thick to fill the space however R-25 is not readily available from what I can tell.

When it comes to AirBnB I have found its location, number of beds then amenities like kitchens and outdoor spaces that attract quality guests and demand higher prices. 

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

Seriously, lots of properties have these hidden gems—unused spaces that can be turned into cash-generating units.

Professional, non-professional.

But thats value add in the land and Timber space..