You might also meet someone that could be a potential business partner.

I own a property in Layton Utah that could be a great STR. I just don't have the cash reserves to get it started to furnish it and get it rolling. Could be a great STR arbitrage property if I could get in touch with s...

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

Let's discuss potential synergies and how we can forge mutually beneficial relationships for the long term.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

. - 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.

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.

Sometimes it can pay off to use the same lender but it does not hurt to look around for other options.