It also has a large flat upper roof area, although not sure if it could be used for something or not. 

@Zachary HarrFellow Midwesterner (from Upper Peninsula of MI) and was also pretty low income. 

My girlfriend and I are interested in buying into the upper Michigan STR markets (Traverse City, Charlevoix, Petoskey, Bay Harbor, etc), hoping we can take advantage of the hot vacation rental market up there in the summers and the popular ski slopes for the winters. 

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

Additionally, and please confirm this, I don't believe the HCV system increases their upper limit every year.  

The closer you get to the 1% rule means you'll be buying an old, fixer upper, in the worst parts of town.The other real trick is finding 4plex. 

Terms on primary resident transactions are in the upper 6% to low 7% range. 

A fixer-upper can be a good deal but budget carefully.

I say this to say my contractor, who we know and love, is interested in renting the basement in exchange for upgrading the basement that way I can rent the basement and upper level to get more cash flow.

I provide the free and clear education, upper-middle environment and great upbringing.