Many sellers take lowball offers really hard, but if the potential buyer signs the papers, I present the offers.

. - Downtown location, near restaurants and a 3 min walk to train station- Only 2 off street parking spots, street is permit parking only but there is free parking down the street- Units have just been completely renovated- The city does not have any ordinances against short term rentalsThe biggest hurdles for me are: we're about to go into a slump/down season; potential parking issues; and if one of the other units were rented long term - dealing with the hassles related to that.

Lost days of work, had to cancel concrete trucks, etc...But I get the concept and agree in principle....but only for really important and potentially dangerous stuff...you wouldn't believe what I've seen out there.....

I always make it a point to emphasize to our new potential owners that they will earn more having us manage their MTR than if they self managed as a LTR.

On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

Michigan might be a bit easier to start with because you may have more knowledge about the local area and market trends, but starting there could potentially slow down your move to Florida.

I live in Southwestern Connecticut, and am looking for places that are not only ideal for escaping the winter months but also have strong potential for rental income/future resale value of the property.

I’m thinking in terms of potential buyers passing on a property because they don’t want to deal with CMHA-related headaches?

Be sure to diligently evaluate potential properties through inspections, condition assessments, financial reviews, and property tax assessments.

We'd like to seek a construction loan to complete the build of our new home - does anyone know if a typical real estate rental business plan would be sufficient to show potential income increase?