Hi @Sumit B.To start off, Cape Coral does have a 7 day rental minimum, however, this is an ordinance that pre-dates the STR industry and was originally targeting transient housing. 

The real trick is making sure you’ve got a handle on who’s active in your target area.

While this brokerage would start in Ann Arbor, I would want it to expand to all of Southeast Michigan, then statewide, and ultimately nationwide.Initial target users would be investors/flippers, in other words, more frequent flyers than typical homebuyers.

The fact that they don't have critical thinking skills and limited income/saving, makes them desperate and easy target.

I was recently listening to a podcast and in this particular episode, the investor targeted CoC of >5%.

I will say Padsplit seems to target the 80% mark and then give up and focus on other vacant properties.

Considering a mix of long and short term rentals, with the STR’s being non-traditional structures targeting glamping clientele.

However, an argument can be made that you’re making provisions to discourage someone from jumping ship and still getting an undeserved income so from that standpoint, you might be discouraging a break up.As investors there could be potential targets on some love struck individual that has higher net worth from a gold digging opportunist partner.What are your thoughts? 

I would have told her to pound sand and/or gone after her legally.

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