We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.If anyone has any banking recommendations in Michigan I'd love to hear them.

There is a genuine housing shortage of all kinds on the coast, long term rentals included.

I have active SFH long term rentals in the area. 

First, you should inform your lender, as converting the property into a short-term rental can affect the terms of your mortgage and may require a change to an investment property loan.

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

I'm diving into the world of short term rentals and looking for some advice on the best ways to research local regulations in different towns and cities within a state.

Natural disasters, higher construction costs, and a competitive insurance market are driving these increases.Review your current policy to ensure you’re properly covered without overpaying for unnecessary coverages.

Yes, many hosts of short-term rentals (STRs) use inventory management systems to track supplies effectively.

If it is well located make it a short term rental.

Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth