(Of course, you can't do STRs in Breckenridge anyway because of the caps.)Goal is almost exclusively personal use.

Of course please consult with a lawyer to make sure, but this is what I've learned so far.

I negotiate with tenants on the spot all the time, if they want something different than what I want, I don't reject them, I propose something to accommodate but of course, I get paid for the accommodation.

Work with a leasing broker that specializes in retail credit tenants.

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

Once you have them under contract, just post them here under the Classifieds forum.Of course, to do it right you'll need many pics, an outline of any needed repairs, projected ARV with supporting data, etc.

You'll need a 580+ credit score, 3.5% down payment, closing costs (2-4% of purchase price depending on credit score and state), and a DTI of no more than 57%.

Renting by the room can be tricky and of course you are responsible for utilities. 

Of course, you need a deed of trust.

(Sometimes depend on the market, I even throw in some bonus such as if they sign a lease renewal before end of the week we can get them some rent credit for the upcoming month, if the market is hot then I won't say anything)