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.

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%.

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. 

It is simple enough and cheap enough to run surface molding up to the fan box, with an extension on an outlet box to connect to a circuit.

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

Are you able to get an extension with your current lender?

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

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.

I am planning to keep the property long term.