Regulations change for STRs and the market can become saturated.Personally, I like Ann Arbor, Lansing and Grand Rapids, Michigan for STRs and LTRs.You have to know the local restrictions and regulations on STRs in those locations but you are much more likely to be able to buy a property that will cashflow as a long term rental and cashflow much better as a short term rental even using property managers.To your success!

It was mainly bought as a house for my grandparents to come visit grand babies and turned into an STR: its a tight margin market right now even for STRS.  

My research shows the counties of Ottawa, Livingston and Grand Traverse.

Not a problem to wait 6 months in the grand scheme of things (unless it was purchased with tight deadline/balloon debt), but it's unexpected. 

As far as I know, the codes have been changes, but the old grand-fathered stuff is still there.

Hey Monico, I'm in the Central Coast (Arroyo Grande).We're doing two things right now:1) Building an ADU on our primary.

Grand Rapids is not as ideal for me right now because I would like to start close enough to manage it myself on the first one.

I thought I'd give you an update on the market here in West Michigan including Grand Rapids, Muskegon, Muskegon Heights, Grand Haven, Spring Lake and Holland. 

Grand Rapids, MI

If you can do 5 a half day you could be pulling in an extra 1500 to 2 grand a week