I currently have eight out-of-state investor clients that I've worked with in the past (some on more than one purchase) and they were all attracted to the Lansing, MI area for it's affordability and steady cashflow. 

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

You're going to have to scrap like crazy to break even - think rent by the room, short term, mid term strategies that require more work.

Short-short version it's hell on wheels. 

The fund raised $200 million in short order with few sources of deal flow 5.

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

So at this point given the large amount of income that the wealth management company kicks off, this very nice profit from the real estate portfolio is looking less and less attractive every year especially considering the time and mental real estate it takes up for her and the tax consequences.

This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

., San Diego, and others)—making it feel like a “natural” choice for a regional traveller wanting to get away for a short weekend.