You get the best of everything- cheap, tax free access to your equity, you get to keep your interest rate and you get the cash flow. 

Just took this off my to do list!

This is all he does.

The fact its in a landbank tells me that it was taken back for some reason, which tells me its likely not a high commercial demand for development, but I could be wrong.If it is "on the main drag" in this town then I'd think doing a new build home to do a targeted and intentional air bnb would be the best bet. 

Hi Folks - Thought I'd make this a sticky in the "New Member Introductions" Forum. 

This would be either through hard money, partnerships, or some other creative finance.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

I learned this the hard way when I used to do weddings.

I wish I had a more helpful answer.You could try your primary insurer and see if you can add a STR policy with it.

Or know any investors interested in this proposal?